3 days Ago By ABMN Staff
Johnson Investment Counsel Inc. grew its position in Summit Materials, Inc. ( NYSE:SUM – Free Report ) by 5.
8% during the second quarter, Holdings Channel reports. The institutional investor owned 5,941 shares of the construction company’s stock after acquiring an additional 327 shares during the quarter. Johnson Investment Counsel Inc.
’s holdings in Summit Materials were worth $218,000 as of its most recent SEC filing. A number of other institutional investors have also modified their holdings of the company. American Century Companies Inc.
boosted its holdings in shares of Summit Materials by 3.7% in the 2nd quarter. American Century Companies Inc.
now owns 1,745,960 shares of the construction company’s stock valued at $63,920,000 after buying an additional 62,091 shares in the last quarter. Choreo LLC bought a new stake in shares of Summit Materials in the 2nd quarter valued at about $382,000. Ashton Thomas Private Wealth LLC acquired a new stake in Summit Materials in the 2nd quarter worth approximately $154,000.
Quest Partners LLC acquired a new stake in Summit Materials in the 2nd quarter worth approximately $40,000. Finally, Norden Group LLC boosted its stake in Summit Materials by 31.0% in the 2nd quarter.
Norden Group LLC now owns 19,859 shares of the construction company’s stock worth $727,000 after purchasing an additional 4,701 shares in the last quarter. Summit Materials Stock Up 0.5 % Shares of SUM opened at $37.
71 on Monday. The company has a current ratio of 2.62, a quick ratio of 2.
01 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average is $38.
56 and its two-hundred day moving average is $39.44. The firm has a market cap of $6.
62 billion, a P/E ratio of 16.83 and a beta of 1.18.
Summit Materials, Inc. has a 12 month low of $29.98 and a 12 month high of $44.
89. Wall Street Analyst Weigh In SUM has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Summit Materials from $53.
00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus lowered their target price on shares of Summit Materials from $55.
00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Morgan Stanley initiated coverage on shares of Summit Materials in a research note on Monday, August 26th.
They issued an “overweight” rating and a $51.00 target price for the company. Citigroup lifted their target price on shares of Summit Materials from $44.
00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $45.
00 price objective on shares of Summit Materials in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Summit Materials currently has a consensus rating of “Moderate Buy” and an average price target of $47.
40. Read Our Latest Stock Report on Summit Materials Summit Materials Company Profile ( Free Report ) Summit Materials, Inc operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement.
The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. Featured Stories Want to see what other hedge funds are holding SUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Summit Materials, Inc.
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