Royce & Associates LP cut its holdings in Summit Materials, Inc. (NYSE:SUM – Free Report) by 46.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,297 shares of the construction company’s stock after selling 173,572 shares during the period. Royce & Associates LP owned 0.11% of Summit Materials worth $9,933,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of SUM. Massachusetts Financial Services Co. MA boosted its holdings in shares of Summit Materials by 6.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,639,798 shares of the construction company’s stock worth $298,181,000 after acquiring an additional 429,062 shares during the period. Principal Financial Group Inc. boosted its stake in Summit Materials by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 5,289,410 shares of the construction company’s stock worth $206,445,000 after purchasing an additional 94,694 shares during the period. Geode Capital Management LLC grew its holdings in Summit Materials by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,789,212 shares of the construction company’s stock valued at $108,885,000 after buying an additional 9,566 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Summit Materials by 21.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,752,993 shares of the construction company’s stock valued at $68,419,000 after buying an additional 313,957 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Summit Materials by 6.5% in the third quarter. Segall Bryant & Hamill LLC now owns 1,547,312 shares of the construction company’s stock worth $60,392,000 after buying an additional 94,177 shares in the last quarter.
Summit Materials Trading Up 0.2 %
SUM stock opened at $52.54 on Tuesday. The company has a market capitalization of $9.23 billion, a PE ratio of 64.07 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.48 and a current ratio of 3.10. Summit Materials, Inc. has a one year low of $34.64 and a one year high of $54.07. The company’s 50 day moving average price is $52.39 and its two-hundred day moving average price is $47.58.
Analysts Set New Price Targets
Get Our Latest Analysis on SUM
About Summit Materials
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.
Featured Articles
- Five stocks we like better than Summit Materials
- Using the MarketBeat Dividend Yield Calculator
- Can TikTok Stock Picks Really Make You Rich?
- Canadian Penny Stocks: Can They Make You Rich?
- The “Quality” Rotation: Back to Basics Investing
- Stock Dividend Cuts Happen Are You Ready?
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding SUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Summit Materials, Inc. (NYSE:SUM – Free Report).
Receive News & Ratings for Summit Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Materials and related companies with MarketBeat.com's FREE daily email newsletter.