Summit Materials, Inc. (NYSE:SUM) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC grew its position in shares of Summit Materials, Inc. (NYSE:SUM - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,710 shares of the construction company's stock after buying an additional 17,580 shares during the quarter. Summit Materials accounts for 1.2% of Moody Aldrich Partners LLC's portfolio, making the stock its 23rd largest position. Moody Aldrich Partners LLC owned about 0.08% of Summit Materials worth $6,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SUM. Versant Capital Management Inc boosted its stake in shares of Summit Materials by 179.2% in the 4th quarter. Versant Capital Management Inc now owns 550 shares of the construction company's stock worth $28,000 after buying an additional 353 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Summit Materials in the third quarter worth about $27,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Summit Materials during the 3rd quarter valued at about $28,000. Toth Financial Advisory Corp increased its position in shares of Summit Materials by 147.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 840 shares of the construction company's stock valued at $33,000 after purchasing an additional 500 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Summit Materials by 3,804.2% in the 3rd quarter. International Assets Investment Management LLC now owns 937 shares of the construction company's stock worth $37,000 after purchasing an additional 913 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SUM shares. Longbow Research reiterated a "neutral" rating on shares of Summit Materials in a research report on Tuesday, November 26th. Stephens downgraded Summit Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Wolfe Research reissued a "peer perform" rating on shares of Summit Materials in a report on Tuesday, November 26th. Loop Capital reaffirmed a "hold" rating and set a $52.50 price target (down previously from $54.00) on shares of Summit Materials in a report on Tuesday, November 26th. Finally, Citigroup reissued a "neutral" rating and issued a $52.50 price objective (down from $55.00) on shares of Summit Materials in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Summit Materials has an average rating of "Hold" and a consensus price target of $50.54.

Summit Materials Price Performance

SUM traded down $0.11 on Friday, hitting $52.32. 3,016,160 shares of the company's stock were exchanged, compared to its average volume of 3,340,248. Summit Materials, Inc. has a fifty-two week low of $34.64 and a fifty-two week high of $53.49. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 63.80 and a beta of 1.14. The firm has a 50-day moving average price of $51.31 and a 200-day moving average price of $44.59. The company has a current ratio of 3.10, a quick ratio of 2.48 and a debt-to-equity ratio of 0.62.

Summit Materials (NYSE:SUM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. Summit Materials had a return on equity of 6.90% and a net margin of 3.92%. The firm's revenue was up 49.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. As a group, equities analysts anticipate that Summit Materials, Inc. will post 1.66 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christopher Burke Gaskill sold 1,536 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $50.91, for a total transaction of $78,197.76. Following the sale, the insider now directly owns 40,221 shares of the company's stock, valued at $2,047,651.11. This represents a 3.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Summit Materials Profile

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.