1 week Ago By Defense World Staff
Prudential Financial Inc. lowered its position in Summit Materials, Inc. (NYSE:SUM – Free Report) by 11.
2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,836 shares of the construction company’s stock after selling 1,112 shares during the quarter. Prudential Financial Inc.
’s holdings in Summit Materials were worth $447,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Summit Materials during the fourth quarter worth $25,000.
Versant Capital Management Inc boosted its position in shares of Summit Materials by 179.2% during the 4th quarter. Versant Capital Management Inc now owns 550 shares of the construction company’s stock worth $28,000 after acquiring an additional 353 shares in the last quarter.
R Squared Ltd acquired a new position in shares of Summit Materials during the 4th quarter worth about $57,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Summit Materials during the 4th quarter worth about $218,000. Finally, MONECO Advisors LLC purchased a new stake in Summit Materials during the fourth quarter worth approximately $249,000.
Summit Materials Trading Up 0.2 %Shares of SUM stock opened at $52.54 on Thursday.
The company has a market capitalization of $9.23 billion, a P/E ratio of 64.07 and a beta of 1.
13. The company has a current ratio of 3.10, a quick ratio of 2.
48 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $52.
52 and its two-hundred day moving average is $49.36. Summit Materials, Inc.
has a twelve month low of $34.64 and a twelve month high of $54.07.
Wall Street Analyst Weigh InSUM has been the topic of several recent analyst reports. Jefferies Financial Group lowered shares of Summit Materials from a “buy” rating to a “hold” rating and dropped their price target for the company from $58.00 to $52.
50 in a research note on Monday, December 16th. StockNews.com initiated coverage on shares of Summit Materials in a research note on Friday, April 4th.
They set a “sell” rating on the stock. Finally, Stephens cut shares of Summit Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock.
Based on data from MarketBeat, Summit Materials has an average rating of “Hold” and a consensus price target of $50.67.Get Our Latest Research Report on SUMAbout Summit Materials (Free Report)Summit Materials, Inc is a vertically integrated construction materials company, which engages in manufacturing construction materials and related downstream products.
It operates through the following segments: West, East, and Cement. The West segment includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada.Read MoreFive stocks we like better than Summit MaterialsWhat is a SEC Filing?Quantum Computing: The $6.
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