Envestnet Asset Management Inc. boosted its stake in Summit Materials, Inc. (NYSE:SUM – Get Rating) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,177 shares of the construction company’s stock after purchasing an additional 5,916 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Summit Materials were worth $2,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Summit Materials by 271.0% during the second quarter. Assetmark Inc. now owns 1,443 shares of the construction company’s stock worth $34,000 after acquiring an additional 1,054 shares in the last quarter. Sciencast Management LP bought a new position in shares of Summit Materials in the second quarter worth approximately $277,000. Mount Yale Investment Advisors LLC bought a new position in shares of Summit Materials in the second quarter worth approximately $239,000. Paradigm Capital Management Inc. NY grew its holdings in shares of Summit Materials by 28.6% in the second quarter. Paradigm Capital Management Inc. NY now owns 738,200 shares of the construction company’s stock worth $17,192,000 after purchasing an additional 164,000 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Summit Materials by 25.8% in the second quarter. Jennison Associates LLC now owns 2,433,480 shares of the construction company’s stock worth $56,676,000 after purchasing an additional 499,514 shares during the last quarter.
Summit Materials Stock Performance
Shares of Summit Materials stock opened at $29.64 on Thursday. The company has a current ratio of 3.39, a quick ratio of 2.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.45 billion, a P/E ratio of 12.30 and a beta of 1.35. The business has a fifty day simple moving average of $26.33 and a two-hundred day simple moving average of $26.66. Summit Materials, Inc. has a 12 month low of $21.99 and a 12 month high of $41.46.
Wall Street Analyst Weigh In
Summit Materials Company Profile
Summit Materials, Inc, through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential 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.
- Get a free copy of the StockNews.com research report on Summit Materials (SUM)
- Use The Airbnb Stock Implosion to Your Advantage
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- International Game Technology is Well Worth the Gamble
- Why Lowe’s Is Up And Home Depot Down
- The TJX Companies Could Break Out To New Highs
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.