Media stories about Summit Materials (NYSE:SUM) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summit Materials earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.2039519011832 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Summit Materials (SUM) traded up $0.02 during trading on Thursday, hitting $31.21. The stock had a trading volume of 475,033 shares, compared to its average volume of 1,439,421. Summit Materials has a twelve month low of $22.19 and a twelve month high of $32.69. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.59 and a quick ratio of 2.01. The stock has a market capitalization of $3,500.00 and a PE ratio of 45.90.

Summit Materials (NYSE:SUM) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.10). The business had revenue of $634.18 million during the quarter, compared to analysts’ expectations of $558.93 million. Summit Materials had a return on equity of 9.83% and a net margin of 4.09%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. sell-side analysts expect that Summit Materials will post 1.01 EPS for the current fiscal year.

Several equities research analysts have recently commented on SUM shares. Zacks Investment Research cut Summit Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. SunTrust Banks set a $38.00 price target on Summit Materials and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Bank of America upped their price target on Summit Materials from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Royal Bank of Canada restated a “buy” rating on shares of Summit Materials in a research note on Thursday, November 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $12.50 price target on shares of Summit Materials in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.50.

In other Summit Materials news, insider Douglas Charles Rauh sold 26,324 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $31.36, for a total value of $825,520.64. Following the completion of the transaction, the insider now owns 18,724 shares in the company, valued at $587,184.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas W. Hill sold 12,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $32.12, for a total value of $401,500.00. Following the completion of the transaction, the insider now owns 139,310 shares of the company’s stock, valued at approximately $4,474,637.20. The disclosure for this sale can be found here. Insiders sold 216,442 shares of company stock valued at $6,797,767 in the last quarter. 1.97% of the stock is currently owned by company insiders.

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Summit Materials Company Profile

Summit Materials, Inc is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company’s materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans.

Insider Buying and Selling by Quarter for Summit Materials (NYSE:SUM)

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