Summit Materials, Inc. (NYSE:SUM) marched up 29.51% compared to a 52-week low price of $11.25. The shares were last seen trading -4.9% lower, taking the closing price at $14.57 on 6/11/2019. At a recent session, the prices were hovering between $14.19 and $15.67. This company shares are 32.81% off its target price of $19.35 and the current market capitalization stands at $1.63B. The recent change has given its price a -9.06% deficit over SMA 50 and -48.59% deficit over its 52-week high. The stock witnessed -12.49% declines, -18.65% declines and 11.39% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SUM’s volatility during a week at 5.22% and during a month it has been found around 4.64%.

Summit Materials, Inc. (SUM) Top Holders

Institutional investors currently hold around $2.14 billion or 34.89% in SUM stock. Look at its top three institutional owners: Southeastern Asset Management Inc/Tn/ owns $196.41 million in Summit Materials, Inc., which represents roughly 12.05% of the company’s market cap and approximately 9.18% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 10,293,689 shares of the stock are valued at $157.7 million. The third largest holder is Janus Henderson Group Plc, which currently holds $139.43 million worth of this stock and that ownership represents nearly 8.55% of its market capitalization.

Summit Materials, Inc. 13F Filings

At the end of March reporting period, 104 institutional holders increased their position in Summit Materials, Inc. (NYSE:SUM) by some 12,640,835 shares, 95 decreased positions by 16,677,818 and 33 held positions by 110,370,559. That puts total institutional holdings at 139,689,212 shares, according to SEC filings. The stock grabbed 34 new institutional investments totaling 2,713,889 shares while 33 institutional investors sold out their entire positions totaling 7,645,616 shares.

Summit Materials, Inc. (NYSE:SUM) Insider Trades

Multiple company employees have indulged in significant insider trading. Summit Materials, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO Hill Thomas W. has acquired 31,250 shares of Summit Materials, Inc. (SUM) in the trading session dated Feb. 15, 2019. These shares are worth $507,813 and were traded at $16.25 each. The SEC filing shows that Harris Brian James performed a purchase of 4,000 shares. The EVP & CFO added these shares by way of transaction on Dec. 10, 2018. The company’s shares were assimilated at $13.19 per share worth to an investment of some $52,760 to the account of Harris Brian James.

, Beck Thomas A., purchased 10,000 common shares of Summit Materials, Inc. (SUM) in the open market. In a transaction dated Nov. 19, 2018, the shares were bought at an average price of $13.97, giving away a sum of $139,700. After this purchase, 12,914 common shares of SUM are directly owned by the insider, with total stake valued at $188,157.

In the transaction dated Nov. 08, 2018, a great number of shares acquired came courtesy the EVP & CFO; Harris Brian James added a total of 5,000 shares at an average price of $14.12, amounting to approximately $70,600. The insider now directly owns 132,584 shares worth $1,931,749.

Summit Materials, Inc. (SUM) Analyst Guide

Several analysts have released their opinion on Summit Materials, Inc. (NYSE:SUM), with 7 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation [T1].