Summit Materials, Inc. (SUM): Thomas W. Hill , President and CEO of Summit Materials, Inc. sold 10,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $22.41 per share for a total value of $224,100.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Michael John Brady (officer ) sold 35,228 shares at $21.85 per share price.On May 18, 2016, Douglas Charles Rauh (officer ) sold 10,000 shares at $21.60 per share price.Also, On Apr 28, 2016, Thomas W. Hill (President and CEO) sold 10,000 shares at $21.45 per share price.On Apr 21, 2016, Ted A Gardner (director) sold 572,804 shares at $20.00 per share price.
Summit Materials Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Summit Materials Inc which led to swings in the share price. The shares opened for trading at $22.37 and hit $22.645 on the upside , eventually ending the session at $22.51, with a gain of 1.03% or 0.23 points. The heightened volatility saw the trading volume jump to 5,68,588 shares. The 52-week high of the share price is $29 and the company has a market cap of $2,627 M . The 52-week low of the share price is at $13.12.
Company has been under the radar of several Street Analysts.Summit Materials Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 23 from a previous price target of $18 .The Rating was issued on Apr 1, 2016.Summit Materials Inc is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $19 .The Rating was issued on Mar 22, 2016.
Summit Materials Inc. is a construction material company. The Company offers construction materials and related downstream products. The Companys materials include aggregates which it supplies across the country with a focus on Texas Kansas Kentucky Utah and Missouri and cement which the Company supplies in Missouri Iowa and Illinois. In addition to supplying aggregates it uses its materials to produce ready-mixed concrete and asphalt paving mix. The Company operates through three segments: West Central and East. The Companys West region includes operations in Texas the Mountain states of Utah Colorado Idaho and Wyoming and in British Columbia Canada. The Companys Central region extends across the Midwestern United States including Kansas Missouri Nebraska Iowa and Illinois. The Companys East region serves markets in Kentucky South Carolina North Carolina Tennessee and Virginia.