Summit Materials, Inc. (SUM) Files Form 4 Insider Selling : Thomas W. Hill Sells 10,000 Shares

Summit Materials, Inc. (SUM): Thomas W. Hill , President and CEO of Summit Materials, Inc. sold 10,000 shares on Jun 22, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $20.39 per share for a total value of $203,850.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Thomas W. Hill (President and CEO) sold 10,000 shares at $20.95 per share price.On May 25, 2016, Michael John Brady (officer ) sold 35,228 shares at $21.85 per share price.Also, On May 18, 2016, Douglas Charles Rauh (officer ) sold 10,000 shares at $21.60 per share price.On Apr 21, 2016, Ted A Gardner (director) sold 572,804 shares at $20.00 per share price.

Shares of Summit Materials Inc (SUM) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.98 points or -4.67% at $20.02 with 44,85,405 shares getting traded. Post opening the session at $20, the shares hit an intraday low of $19.85 and an intraday high of $20.77 and the price vacillated in this range throughout the day. The company has a market cap of $2,336 M and the number of outstanding shares has been calculated to be 11,67,04,952 shares. The 52-week high of Summit Materials Inc is $27.89 and the 52-week low is $13.12.

Summit Materials Inc Money Flow Index Chart

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 a construction material company. The Company offers construction materials and related downstream products. The Company’s 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 Company’s West region includes operations in Texas the Mountain states of Utah Colorado Idaho and Wyoming and in British Columbia Canada. The Company’s Central region extends across the Midwestern United States including Kansas Missouri Nebraska Iowa and Illinois. The Company’s East region serves markets in Kentucky South Carolina North Carolina Tennessee and Virginia.

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