Thomas W. Hill Sells 12,500 Shares of Summit Materials Inc (SUM) Stock
Summit Materials Inc (NYSE:SUM) insider Thomas W. Hill sold 12,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $28.85, for a total value of $360,625.00. Following the transaction, the insider now owns 160,548 shares in the company, valued at $4,631,809.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Thomas W. Hill also recently made the following trade(s):
- On Monday, January 22nd, Thomas W. Hill sold 6,300 shares of Summit Materials stock. The shares were sold at an average price of $31.04, for a total value of $195,552.00.
- On Tuesday, January 23rd, Thomas W. Hill sold 12,500 shares of Summit Materials stock. The shares were sold at an average price of $31.53, for a total value of $394,125.00.
Summit Materials Inc (NYSE:SUM) traded up $0.30 during trading on Monday, hitting $29.15. The stock had a trading volume of 1,392,354 shares, compared to its average volume of 1,052,157. The company has a quick ratio of 2.01, a current ratio of 2.59 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $3,173.20, a price-to-earnings ratio of 43.51, a PEG ratio of 1.84 and a beta of 1.81. Summit Materials Inc has a twelve month low of $22.19 and a twelve month high of $34.06.
SUM has been the topic of several recent research reports. SunTrust Banks set a $38.00 target price on Summit Materials and gave the company a “buy” rating in a report on Tuesday, October 24th. Bank of America raised their target price on Summit Materials from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Royal Bank of Canada restated a “buy” rating on shares of Summit Materials in a report on Thursday, November 2nd. Canaccord Genuity restated a “buy” rating and set a $12.50 target price on shares of Summit Materials in a report on Wednesday, November 8th. Finally, Barclays started coverage on Summit Materials in a report on Tuesday, December 12th. They set an “equal weight” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.44.
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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.
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