Value Holdings Management CO. LLC Has $962,000 Stock Holdings in Summit Materials, Inc. (NYSE:SUM)

Value Holdings Management CO. LLC lifted its stake in Summit Materials, Inc. (NYSE:SUM - Free Report) by 90.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the construction company's stock after acquiring an additional 9,000 shares during the period. Value Holdings Management CO. LLC's holdings in Summit Materials were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SUM. Versant Capital Management Inc boosted its holdings in Summit Materials by 179.2% during the fourth quarter. Versant Capital Management Inc now owns 550 shares of the construction company's stock worth $28,000 after buying an additional 353 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Summit Materials by 6.3% in the 3rd quarter. Assetmark Inc. now owns 6,913 shares of the construction company's stock worth $270,000 after acquiring an additional 411 shares during the last quarter. Xponance Inc. raised its position in shares of Summit Materials by 6.2% during the second quarter. Xponance Inc. now owns 7,687 shares of the construction company's stock worth $281,000 after purchasing an additional 448 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Summit Materials by 147.1% during the third 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, KBC Group NV boosted its position in shares of Summit Materials by 19.8% in the 3rd quarter. KBC Group NV now owns 3,807 shares of the construction company's stock valued at $149,000 after purchasing an additional 629 shares during the period.

Summit Materials Stock Performance

NYSE:SUM traded up $0.01 during mid-day trading on Friday, hitting $52.20. 2,177,027 shares of the company's stock traded hands, compared to its average volume of 3,466,692. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 63.65 and a beta of 1.14. The firm has a 50 day moving average of $50.71 and a two-hundred day moving average of $43.57. 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, Inc. has a 12 month low of $34.64 and a 12 month high of $53.49.

Summit Materials (NYSE:SUM - Get Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. Summit Materials had a net margin of 3.92% and a return on equity of 6.90%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the company earned $0.81 EPS. The business's quarterly revenue was up 49.9% compared to the same quarter last year. On average, equities analysts forecast that Summit Materials, Inc. will post 1.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SUM has been the subject of a number of analyst reports. Citigroup reaffirmed a "neutral" rating and set a $52.50 price objective (down from $55.00) on shares of Summit Materials in a research note on Tuesday, November 26th. StockNews.com started coverage on shares of Summit Materials in a research note on Tuesday, January 14th. They issued a "sell" rating for the company. Loop Capital reissued a "hold" rating and set a $52.50 target price (down from $54.00) on shares of Summit Materials in a research note on Tuesday, November 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $52.50 target price (down previously from $54.00) on shares of Summit Materials in a research report on Monday, November 25th. Finally, Stephens lowered shares of Summit Materials from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $50.54.

Insider Activity at Summit Materials

In other Summit Materials news, insider Christopher Burke Gaskill sold 1,536 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $50.91, for a total value of $78,197.76. Following the transaction, the insider now directly owns 40,221 shares in the company, valued at $2,047,651.11. The trade was a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company's stock.

Summit Materials Company 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.