Summit Materials Stock News

Vulcan Materials (VMC) boosts quarterly dividend by 7.5%, given its strong performance and attractive underlying market fundamentals.

DENVER--(BUSINESS WIRE)--Summit Materials Announces Fourth Quarter and Full Year 2021 Results Conference Call Date

We at Insider Monkey have gone over 867 13F filings that hedge funds and prominent investors are required to file by the SEC.

Summit Materials saw its share price double this year and is up about 80% since my initial article in January. The financial performance of the company exceeded my expectations.

Victory Capital Management Inc. grew its position in Summit Materials, Inc. (NYSE:SUM) by 32.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,161,944 shares of the construction companys stock after purchasing an additional 1,011,497 shares during the quarter. Victory Capital Management Inc.s holdings in Summit Materials were worth $133,057,000 at the end of the []

Wall Street analysts expect Summit Materials, Inc. (NYSE:SUM) to report earnings of $0.27 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Summit Materials earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.37. Summit Materials posted earnings []

Equities analysts expect Summit Materials, Inc. (NYSE:SUM) to announce $0.27 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Summit Materials earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.19. Summit Materials reported earnings per share of $0.25 in []

Summit Materials, Inc. (NYSE:SUM) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have […]

Summit Materials (NYSE:SUM) had its price target raised by equities researchers at Morgan Stanley from $36.00 to $45.00 in a research report issued on Thursday, Analyst Ratings Network reports. The firm presently has an equal weight rating on the construction companys stock. Morgan Stanleys price objective would suggest a potential upside of 12.75% from the []

Summit Materials (NYSE:SUM) had its target price raised by Morgan Stanley from $36.00 to $45.00 in a research report released on Thursday, Analyst Ratings Network reports. They currently have an equal weight rating on the construction company’s stock. A number of other analysts have also issued reports on SUM. Citigroup boosted their price target on […]

Shares of Summit Materials, Inc. (NYSE:SUM) have been given a consensus recommendation of Hold by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers []

Summit Materials with ticker code (SUM) have now 18 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 47 and 35 and has a mean target at 41.11. With the stocks previous close at 37.84 this now indicates there is a potential upside of 8.6%. There is a 50 day moving average of 35.95 and the 200 day moving average is 32.85. The market capitalisation for the company is $4,437m. Visit the company website at: https://summit-materials.com [stock_market_widget type="chart" symbol="SUM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Summit Materials, through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other end markets. It operates through three segments: West, East, and Cement. The company''s products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components.

Edmonds Duncan Registered Investment Advisors LLC purchased a new position in shares of Summit Materials, Inc. (NYSE:SUM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,613 shares of the construction companys stock, valued at approximately $211,000. Other large investors have also modified their holdings of the company. Private Advisor Group LLC boosted its []

This move is a reversal from the hour prior, which saw price move down. The post Summit Materials Inc (SUM): Price Now Near $39.99; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News .

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