Keeley Teton Advisors LLC Sells 1,668 Shares of Summit Materials, Inc. (NYSE:SUM)

Keeley Teton Advisors LLC cut its stake in Summit Materials, Inc. (NYSE:SUM) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 15,625 shares of the construction company’s stock after selling 1,668 shares during the period. Keeley Teton Advisors LLC’s holdings in Summit Materials were worth $791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mariner LLC lifted its holdings in Summit Materials by 2.3% in the fourth quarter. Mariner LLC now owns 8,641 shares of the construction company’s stock worth $437,000 after buying an additional 196 shares during the period. Arizona State Retirement System raised its position in shares of Summit Materials by 0.9% in the 4th quarter. Arizona State Retirement System now owns 35,671 shares of the construction company’s stock worth $1,805,000 after acquiring an additional 304 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Summit Materials by 179.2% in the 4th quarter. Versant Capital Management Inc now owns 550 shares of the construction company’s stock valued at $28,000 after purchasing an additional 353 shares during the period. Synovus Financial Corp boosted its position in shares of Summit Materials by 1.6% during the fourth quarter. Synovus Financial Corp now owns 28,689 shares of the construction company’s stock valued at $1,452,000 after purchasing an additional 445 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Summit Materials in the fourth quarter worth $25,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SUM. StockNews.com initiated coverage on shares of Summit Materials in a report on Saturday, April 12th. They set a “sell” rating on the stock. Stephens cut shares of Summit Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Summit Materials presently has a consensus rating of “Hold” and a consensus target price of $50.67.

Summit Materials Trading Up 0.2 %

NYSE:SUM opened at $52.54 on Thursday. Summit Materials, Inc. has a 52 week low of $34.64 and a 52 week high of $54.07. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 64.07 and a beta of 1.13. The company’s 50 day moving average price is $52.54 and its 200-day moving average price is $49.76. The company has a quick ratio of 2.48, a current ratio of 3.10 and a debt-to-equity ratio of 0.62.

Summit Materials 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.