Analyst Research Summary: Summit Materials, Inc. (NYSE:SUM)


The stock was sold at an average price of $23.61, for a total transaction of $566,640.00. The company's shares were closed at $23.80. (NYSE:SUM), according to U.S. Securities and Exchange Commission (SEC) filings. The stock's 50 day moving average price is $23.94 and its 200 day moving average price is $20.90. Summit Materials Inc has a 1-year low of $16.67 and a 1-year high of $26.46. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $387.389M. The stock traded at a volume of 2.64 million shares.

Summit Materials, Inc. has received $0.23 as the consensus Earnings Estimate for the Quarter ending on Dec 2016, According to the estimate provided by 4 Financial Advisor in the Stock Trading Firms. The analyst projections are -$0.43 in EPS on $237.17 million in revenues. The company reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. EPS or Earning per Share stands at $0.83.

The analysts offering 12 month price targets for Summit Materials, Inc. have a median target of $28.66, with a high estimate of $30 and a low estimate of $22.73.

"Thomas W. Hill Sells 10,000 Shares of Summit Materials Inc (SUM) Stock" was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & global trademark and copyright laws.

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Summit Materials, Inc. (NYSE:SUM) share price decreased in the last trading session with a previous 52-week high of $26.46. DA Davidson restated a "buy" rating and issued a $27.00 target price on shares of Summit Materials in a research note on Thursday, November 17th. Finally, TheStreet upgraded shares of Summit Materials from a "sell" rating to a "hold" rating in a research note on Wednesday, December 21st. Summit Materials, Inc.is headquartered in Denver, Colorado. Price changes resulting from an earnings surprise can be felt immediately. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate SUM a strong buy.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its position in Summit Materials by 17.8% in the third quarter. Analysts believe that we could see stock price minimum in the $24.7 range (lowest target price), allowing for another 6.05% jump from its current position. Finally, Nationwide Fund Advisors boosted its position in Summit Materials by 100.3% in the second quarter. Following the sale, the chief executive officer now owns 10,150 shares in the company, valued at approximately $195,489.

In related news, CEO Thomas W. Hill sold 15,000 shares of the company's stock in a transaction dated Monday, October 24th. Artemis Investment Management LLP raised its position in Summit Materials by 2.5% in the fourth quarter. (NYSE:SUM)'s Buy count is 1 and Strong Buy is 4 while the number of analysts recommending Sell and Strong Sell are 0 and 1, respectively.

To accommodate long-term intention, the firm has diverse dividend or yield record, WM has Dividend Yield of 2.33% and experts calculate Return on Investment of 11.30%. Following the transaction, the insider now directly owns 10,150 shares in the company, valued at approximately $239,540.