Summit Materials (SUM) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SUM shares.
View SUM analyst ratings or view top-rated stocks.

12 brokerages have issued 12 month target prices for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $45.00. On average, they predict the company's share price to reach $34.08 in the next year. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for SUM or view top-rated stocks among Wall Street analysts.

Summit Materials' stock was trading at $28.39 on January 1st, 2023. Since then, SUM stock has increased by 20.6% and is now trading at $34.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SUM earnings forecast.

Summit Materials, Inc. (NYSE:SUM) announced its earnings results on Wednesday, May, 3rd. The construction company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.12. The construction company had revenue of $407.27 million for the quarter, compared to analyst estimates of $396.61 million. Summit Materials had a net margin of 11.36% and a trailing twelve-month return on equity of 8.28%. Summit Materials's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) earnings per share.

Summit Materials declared a -- dividend on Wednesday, December 14th. Investors of record on Thursday, December 15th will be given a dividend of $1.70 per share on Thursday, December 29th. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for SUM.

ETFs with the largest weight of Summit Materials (NYSE:SUM) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Invesco DWA Basic Materials Momentum ETF (PYZ), SRH U.S. Quality ETF (SRHQ), Thrivent Small-Mid Cap ESG ETF (TSME), Nuveen Small Cap Select ETF (NSCS), Hypatia Women CEO ETF (WCEO), Fidelity Women's Leadership ETF (FDWM) and iShares U.S. Infrastructure ETF (IFRA).

7 employees have rated Summit Materials Chief Executive Officer Thomas Hill on Glassdoor.com. Thomas Hill has an approval rating of 100% among the company's employees. This puts Thomas Hill in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Intel (INTC), Pfizer (PFE), Block (SQ), Raytheon Technologies (RTX), Western Digital (WDC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T) and UnitedHealth Group (UNH).

(SUM) raised $400 million in an IPO on Thursday, March 12th 2015. The company issued 22,200,000 shares at $17.00-$19.00 per share. Citigroup, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities and RBC Capital Markets served as the underwriters for the IPO and Blackstone Capital Markets, BB&T Capital Markets, Stephens, Sterne Agee and Stifel were co-managers.

Summit Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUM."

Summit Materials' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.71%), Price T Rowe Associates Inc. MD (6.99%), Dimensional Fund Advisors LP (5.17%), Macquarie Group Ltd. (4.40%), Principal Financial Group Inc. (4.32%) and FMR LLC (3.97%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, Anne P Noonan, Howard L Lance, John Raymond Murphy and Joseph S Cantie.
View institutional ownership trends.

Shares of SUM stock 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.
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One share of SUM stock can currently be purchased for approximately $34.25.

Summit Materials (NYSE:SUM) has a market capitalization of $4.07 billion and generates $2.41 billion in revenue each year. The construction company earns $275.94 million in net income (profit) each year or $2.2811 on an earnings per share basis.

The company employs 4,800 workers across the globe.

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The official website for the company 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.