Exane衍生品公司向頂峰材料公司(紐約證券交易所代碼：SUM)新投資42.8萬美元

Exane Derivatives acquired a new position in Summit Materials, Inc. (NYSE:SUM – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,765 shares of the construction company's stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of Summit Materials by 11.1% in the 3rd quarter. LPL Financial LLC now owns 72,886 shares of the construction company's stock worth $2,330,000 after acquiring an additional 7,298 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Summit Materials by 18.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 15,805 shares of the construction company's stock worth $505,000 after acquiring an additional 2,456 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Summit Materials by 98.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 33,711 shares of the construction company's stock worth $1,078,000 after acquiring an additional 16,756 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Summit Materials by 10.6% in the 3rd quarter. Moors & Cabot Inc. now owns 8,256 shares of the construction company's stock worth $263,000 after acquiring an additional 790 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Summit Materials by 645.2% in the 4th quarter. Lindbrook Capital LLC now owns 4,419 shares of the construction company's stock worth $177,000 after acquiring an additional 3,826 shares in the last quarter.

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Shares of SUM opened at $23.06 on Wednesday. The business's fifty day simple moving average is $26.02 and its two-hundred day simple moving average is $30.95. The company has a current ratio of 2.55, a quick ratio of 1.94 and a debt-to-equity ratio of 0.91. Summit Materials, Inc. has a 12 month low of $22.01 and a 12 month high of $41.46. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 19.54 and a beta of 1.33.

Summit Materials (NYSE:SUM – Get Rating) last issued its earnings results on Wednesday, May 4th. The construction company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). Summit Materials had a net margin of 5.84% and a return on equity of 7.02%. The business had revenue of $392.50 million for the quarter, compared to analysts' expectations of $395.55 million. During the same quarter in the prior year, the business posted ($0.33) earnings per share. The business's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts forecast that Summit Materials, Inc. will post 1.48 EPS for the current year.

SUM has been the subject of several research reports. StockNews.com lowered Summit Materials from a "hold" rating to a "sell" rating in a research report on Friday, May 13th. Royal Bank of Canada raised Summit Materials from a "sector perform" rating to an "outperform" rating and reduced their price objective for the company from $33.00 to $31.00 in a research report on Wednesday, June 22nd. Morgan Stanley reduced their price objective on Summit Materials from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Monday, April 18th. The Goldman Sachs Group reduced their price objective on Summit Materials from $34.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, June 23rd. Finally, DA Davidson reduced their price objective on Summit Materials from $33.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.29.

Summit Materials Profile (Get Rating)

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.

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