NYSE:SUM Summit Materials Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Materials, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $22.24 -0.84 (-3.64%) (As of 07/5/2022 11:38 AM ET) Add Compare Share Today's Range$21.96▼$22.5150-Day Range$22.61▼$30.6952-Week Range$22.01▼$41.46Volume9,528 shsAverage Volume872,315 shsMarket Capitalization$2.63 billionP/E Ratio18.85Dividend YieldN/APrice Target$36.29 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Materials MarketRank™ ForecastAnalyst RatingHold2.43 Rating ScoreUpside/Downside64.3% Upside$36.29 Price TargetShort InterestBearish4.41% of Shares Sold ShortDividend StrengthN/ASustainability-7.04Upright™ Environmental ScoreNews Sentiment-0.11Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth27.03%From $1.48 to $1.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.1.79 out of 5 starsConstruction Sector85th out of 136 stocksMining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry9th out of 24 stocks 3.2 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.29, Summit Materials has a forecasted upside of 64.3% from its current price of $22.09.Amount of Analyst CoverageSummit Materials has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.41% of the outstanding shares of Summit Materials have been sold short.Short Interest Ratio / Days to CoverSummit Materials has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in Summit Materials has recently increased by 3.37%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldSummit Materials does not currently pay a dividend.Dividend GrowthSummit Materials does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit Materials has received a -119.30% net impact score from Upright. The largest negative impact of Summit Materials in category "GHG emissions" seems to be driven mostly by its "Construction sand", "Crushed stone", and "Concrete" products. See details.Environmental SustainabilityThe Environmental Impact score for Summit Materials is -7.04. Previous Next 1.6 News and Social Media Coverage News SentimentSummit Materials has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Summit Materials this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for SUM on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows3 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Materials insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.81% of the stock of Summit Materials is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Materials are expected to grow by 27.03% in the coming year, from $1.48 to $1.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 18.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 77.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 18.72, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 11.04.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SUM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Materials and its competitors with MarketBeat's FREE daily newsletter. Email Address About Summit Materials (NYSE:SUM) StockSummit 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. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.Read More SUM Stock News HeadlinesJuly 4, 2022 | americanbankingnews.comSummit Materials (NYSE:SUM) PT Lowered to $26.00 at DA DavidsonJuly 1, 2022 | americanbankingnews.comBrokerages Set Summit Materials, Inc. (NYSE:SUM) Price Target at $37.57June 28, 2022 | uk.finance.yahoo.comWhat factors will move the Summit Materials share price?June 27, 2022 | finance.yahoo.comInvestors in Summit Materials (NYSE:SUM) have unfortunately lost 32% over the last yearJune 24, 2022 | americanbankingnews.comSummit Materials (NYSE:SUM) Price Target Lowered to $30.00 at The Goldman Sachs GroupJune 24, 2022 | americanbankingnews.comSummit Materials (NYSE:SUM) Reaches New 1-Year Low at $22.86June 23, 2022 | americanbankingnews.comSummit Materials (NYSE:SUM) Stock Price Down 3%June 23, 2022 | americanbankingnews.comSummit Materials (NYSE:SUM) Upgraded to "Outperform" by Royal Bank of CanadaJune 22, 2022 | finance.yahoo.comRBC Capital Updates Ratings On Homebuilders & Building Products Sector As Housing Demand DeclinesJune 21, 2022 | nasdaq.comSummit Materials Enters Oversold Territory (SUM)June 19, 2022 | seekingalpha.comSummit Materials: Investor Day Outlines The Next Leg Of GrowthJune 18, 2022 | americanbankingnews.comSummit Materials (NYSE:SUM) Reaches New 52-Week Low at $24.07June 13, 2022 | uk.finance.yahoo.comTwo important factors that could move shares in Summit MaterialsMay 24, 2022 | seekingalpha.comSummit Materials issues strategy update, lowers adjusted EBITDA guidanceMay 24, 2022 | finance.yahoo.comSummit Materials, Inc. Provides Update on Its Elevate StrategyMay 17, 2022 | finance.yahoo.comSummit Materials, Inc.'s (NYSE:SUM) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?May 10, 2022 | finance.yahoo.comSummit Materials Appoints Kekin Ghelani as Chief Strategy and Growth OfficerMay 7, 2022 | seekingalpha.comSummit Materials, Inc. (SUM) CEO Anne Noonan on Q1 2022 Results - Earnings Call TranscriptMay 4, 2022 | ca.investing.comSummit Materials Misses Q1 EPS by 3cMay 4, 2022 | finance.yahoo.comSummit Materials, Inc. Reports First Quarter 2022 ResultsMay 3, 2022 | seekingalpha.comSummit Materials Q1 2022 Earnings PreviewApril 29, 2022 | finance.yahoo.comThe Returns At Summit Materials (NYSE:SUM) Aren't GrowingApril 28, 2022 | finance.yahoo.comSummit Materials to Host Investor Day on May 24, 2022April 14, 2022 | finance.yahoo.comSummit Materials Announces First Quarter 2022 Results Conference Call DateApril 6, 2022 | finance.yahoo.comSummit Materials (SUM) Upgraded to Strong Buy: Here's What You Should KnowSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Mining & quarrying of nonmetallic minerals, except fuels Sub-IndustryN/A SectorConstruction Current SymbolNYSE:SUM CUSIPN/A CIK1621563 Webwww.summit-materials.com Phone(303) 893-0012Fax303-893-6993Employees5,500Year FoundedN/ACompany Calendar Last Earnings5/04/2022Today7/05/2022Next Earnings (Estimated)8/03/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$36.29 High Stock Price Forecast$45.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+63.2%Consensus RatingHold Rating Score (0-4)2.42857142857143 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$1.18 Trailing P/E Ratio18.85 Forward P/E Ratio15.03 P/E GrowthN/ANet Income$154.28 million Net Margins5.84% Pretax Margin7.82% Return on Equity7.02% Return on Assets2.90% Debt Debt-to-Equity Ratio0.91 Current Ratio2.55 Quick Ratio1.94 Sales & Book Value Annual Sales$2.41 billion Price / Sales1.09 Cash Flow$2.99 per share Price / Cash Flow7.43 Book Value$15.36 per share Price / Book1.45Miscellaneous Outstanding Shares118,100,000Free Float117,143,000Market Cap$2.63 billion OptionableOptionable Beta1.33 Summit Materials Frequently Asked Questions Should I buy or sell Summit Materials stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Summit Materials stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUM, but not buy additional shares or sell existing shares. View analyst ratings for Summit Materials or view top-rated stocks. What is Summit Materials' stock price forecast for 2022? 7 analysts have issued twelve-month price objectives for Summit Materials' shares. Their SUM stock forecasts range from $26.00 to $45.00. On average, they anticipate Summit Materials' stock price to reach $36.29 in the next year. This suggests a possible upside of 63.2% from the stock's current price. View analysts' price targets for Summit Materials or view top-rated stocks among Wall Street analysts. How has Summit Materials' stock performed in 2022? Summit Materials' stock was trading at $40.14 on January 1st, 2022. Since then, SUM stock has decreased by 44.6% and is now trading at $22.24. View the best growth stocks for 2022 here. When is Summit Materials' next earnings date? Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for Summit Materials. How were Summit Materials' earnings last quarter? Summit Materials, Inc. (NYSE:SUM) posted its quarterly earnings data on Wednesday, May, 4th. The construction company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by $0.01. The construction company had revenue of $392.50 million for the quarter, compared to analyst estimates of $395.55 million. Summit Materials had a net margin of 5.84% and a trailing twelve-month return on equity of 7.02%. Summit Materials's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) earnings per share. View Summit Materials' earnings history. Who are Summit Materials' key executives? Summit Materials' management team includes the following people: Ms. Anne P. Noonan, Pres, CEO & Director (Age 59, Pay $2.39M)Mr. Brian J. Harris, Exec. VP & CFO (Age 66, Pay $1.12M)Mr. Christopher Burke Gaskill, Exec. VP, Chief Legal Officer & Sec. (Age 40, Pay $774.23k)Ms. Deon MacMillan, Exec. VP, Chief People Officer & Head of Corp. Communications (Age 48, Pay $891.24k)Mr. Thomas W. Hill B.A., MBA, Founder & Consultant (Age 66)Andy Larkin, VP, Investor RelationsTrent Musso, Sr. VP of Corp. Devel.Mr. Thomas A. Beck, Exec. VP of Summit Materials (Age 65)Mr. David Loomes, Sr. VPMr. Kekin Ghelani, Chief Strategy & Growth Officer What is Thomas Hill's approval rating as Summit Materials' CEO? 7 employees have rated Summit Materials CEO Thomas Hill on Glassdoor.com. Thomas Hill has an approval rating of 100% among Summit Materials' employees. This puts Thomas Hill in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of Summit Materials' key competitors? Some companies that are related to Summit Materials include Lynas Rare Earths (LYSDY), MDU Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), U.S. Silica (SLCA), Energy Fuels (UUUU), Energy Fuels (UUUU), Piedmont Lithium (PLL), United States Lime & Minerals (USLM), Intrepid Potash (IPI), 5E Advanced Materials (FEAM), Largo (LGO), Centrus Energy (LEU), Centrus Energy (LEU) and Sisecam Resources (SIRE). View all of SUM's competitors. What other stocks do shareholders of Summit Materials own? Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Intel (INTC), Pfizer (PFE), Square (SQ), Raytheon Technologies (RTX), Western Digital (WDC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T) and UnitedHealth Group (UNH). When did Summit Materials IPO? (SUM) raised $400 million in an initial public offering on Thursday, March 12th 2015. The company issued 22,200,000 shares at a price of $17.00-$19.00 per share. Citigroup, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Blackstone Capital Markets, BB&T Capital Markets, Stephens, Sterne Agee and Stifel were co-managers. What is Summit Materials' stock symbol? Summit Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUM." How do I buy shares of Summit Materials? Shares of SUM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Summit Materials' stock price today? One share of SUM stock can currently be purchased for approximately $22.24. How much money does Summit Materials make? Summit Materials (NYSE:SUM) has a market capitalization of $2.63 billion and generates $2.41 billion in revenue each year. The construction company earns $154.28 million in net income (profit) each year or $1.18 on an earnings per share basis. How many employees does Summit Materials have? Summit Materials employs 5,500 workers across the globe. How can I contact Summit Materials? Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The official website for Summit Materials is www.summit-materials.com. The construction company can be reached via phone at (303) 893-0012, via email at brian.harris@summit-materials.com, or via fax at 303-893-6993. This page (NYSE:SUM) was last updated on 7/5/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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