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NYSE:SUM

Summit Materials Stock Forecast, Price & News

$28.50
+0.99 (+3.60 %)
(As of 03/3/2021 12:00 AM ET)
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Compare
Today's Range
$27.55
Now: $28.50▼
$28.61
50-Day Range
$20.53
MA: $24.18▼
$28.34
52-Week Range
$7.51
Now: $28.50▼
$29.30
Volume1.19 million shs
Average Volume1.48 million shs
Market Capitalization$3.25 billion
P/E Ratio23.75
Dividend YieldN/A
Beta1.37
Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other 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 paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. It has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
Summit Materials logo

Headlines

Can You Imagine How Summit Materials' (NYSE:SUM) Shareholders Feel About The 55% Share Price Increase?
February 25, 2021 |  finance.yahoo.com
Summit Materials, Inc.: Strong Performance Returns in Summit’s Q4; Shares Up 60% Since November and Now Slightly Overvalued
February 25, 2021 |  finance.yahoo.com
Summit Materials Inc (SUM) Q4 2020 Earnings Call Transcript
February 25, 2021 |  finance.yahoo.com
Summit Materials (SUM) Beats Q4 Earnings and Revenue Estimates
February 23, 2021 |  nasdaq.com
Summit Materials, Inc. Reports Fourth Quarter and Full Year 2020 Results
February 23, 2021 |  finance.yahoo.com
Summit Materials Announces Fourth Quarter and Full Year 2020 Results Conference Call Date and Virtual Investor Event Date
February 2, 2021 |  finance.yahoo.com
Are Investors Undervaluing Summit Materials, Inc. (NYSE:SUM) By 40%?
January 26, 2021 |  finance.yahoo.com
Summit Materials (SUM) Enters Overbought Territory
January 13, 2021 |  finance.yahoo.com
Summit Materials, Inc.: Aggregates Stocks Rally from Senate Results amid Optimism for Long-Awaited Infrastructure Bill
January 7, 2021 |  finance.yahoo.com
Why Summit Materials Stock Jumped 12% in Early Trading Today
January 6, 2021 |  finance.yahoo.com
Does Summit Materials, Inc. (NYSE:SUM) Create Value For Shareholders?
December 24, 2020 |  finance.yahoo.com
Do Hedge Funds Love Summit Materials Inc (SUM)?
December 20, 2020 |  finance.yahoo.com
Summit Materials, Inc. (NYSE:SUM) Insiders Increased Their Holdings
November 18, 2020 |  finance.yahoo.com
Summit Materials, Inc.: Summit Falls 15% After Disappointing Third Quarter, but We Still See Limited Risk-Adjusted Upside
October 28, 2020 |  finance.yahoo.com
Summit Materials Inc (SUM) Q3 2020 Earnings Call Transcript
October 28, 2020 |  finance.yahoo.com
Summit Materials stumbles 12% post Q3 earnings
October 28, 2020 |  seekingalpha.com
Why Summit Materials Stock Plunged 17% at the Open Today
October 28, 2020 |  finance.yahoo.com
Recap: Summit Materials Q3 Earnings
October 28, 2020 |  benzinga.com
Recap: Summit Materials Q3 Earnings
October 28, 2020 |  benzinga.com
Summit Materials EPS misses by $0.11, beats on revenue
October 27, 2020 |  seekingalpha.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorConstruction
Current SymbolNYSE:SUM
Previous Symbol
CUSIPN/A
CIK1621563
Webwww.summit-materials.com
Phone303-893-0012
Employees6,000
Year FoundedN/A

Debt

Debt-to-Equity Ratio1.21
Current Ratio2.43
Quick Ratio1.84

Price-To-Earnings

Trailing P/E Ratio23.75
Forward P/E Ratio39.04
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.22 billion
Price / Sales1.46
Cash Flow$3.51 per share
Price / Cash Flow8.12
Book Value$12.75 per share
Price / Book2.24

Profitability

EPS (Most Recent Fiscal Year)$0.94
Net Income$61.12 million
Net Margins6.12%
Return on Equity9.41%
Return on Assets3.36%

Miscellaneous

Outstanding Shares114,128,000
Market Cap$3.25 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank™

Overall MarketRank™

1.58 out of 5 stars

Construction Sector

68th out of 206 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

6th out of 33 stocks

Analyst Opinion: 1.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -
$28.50
+0.99 (+3.60 %)
(As of 03/3/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Summit Materials (NYSE:SUM) Frequently Asked Questions

Is Summit Materials a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 2 sell ratings, 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Summit Materials stock.
View analyst ratings for Summit Materials or view top-rated stocks.

What stocks does MarketBeat like better than Summit Materials?

Wall Street analysts have given Summit Materials a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Summit Materials wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Summit Materials.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) issued its earnings results on Tuesday, February, 23rd. The construction company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. The construction company had revenue of $624.63 million for the quarter, compared to analysts' expectations of $510.86 million. Summit Materials had a net margin of 6.12% and a trailing twelve-month return on equity of 9.41%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS.
View Summit Materials' earnings history.

How has Summit Materials' stock price been impacted by COVID-19?

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SUM shares have increased by 101.4% and is now trading at $28.50.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for SUM?

15 analysts have issued 12 month price objectives for Summit Materials' stock. Their forecasts range from $14.00 to $29.00. On average, they anticipate Summit Materials' stock price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 26.3%.
View analysts' price targets for Summit Materials or view top-rated stocks among Wall Street analysts.

Who are Summit Materials' key executives?

Summit Materials' management team includes the following people:
  • Mr. Thomas W. Hill B.A., MBA, Founder & Consultant (Age 65, Pay $2.25M)
  • Mr. Brian J. Harris, Exec. VP & CFO (Age 65, Pay $1.04M)
  • Ms. Anne Lee Benedict Esq., Exec. VP, Chief Legal Officer & Sec. (Age 48, Pay $698.64k)
  • Mr. Michael J. Brady, Exec. VP & Chief Bus. Devel. Officer (Age 53, Pay $840.06k)
  • Mr. M. Shane Evans, Advisor (Age 50, Pay $654.34k)
  • Ms. Anne P. Noonan, Pres, CEO & Director (Age 58)
  • Ms. Karli S. Anderson, VP of Investor Relations (Age 48)
  • Mr. Thomas A. Beck, Exec. VP & Cement Division Pres (Age 64)

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 Teck Resources (TECK), MDU Resources Group (MDU), Lynas Rare Earths (LYSDY), Hecla Mining (HL), Compass Minerals International (CMP), Piedmont Lithium (PLL), U.S. Silica (SLCA), United States Lime & Minerals (USLM), Energy Fuels (UUUU), Intrepid Potash (IPI), Centrus Energy (LEU), Galiano Gold (GAU), Ciner Resources (CINR), Gold Standard Ventures (GSV) and ZEN Graphene Solutions (ZENYF).
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 (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.

What is Summit Materials' stock symbol?

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

Who are Summit Materials' major shareholders?

Summit Materials' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.20%), Price T Rowe Associates Inc. MD (7.04%), Dimensional Fund Advisors LP (5.29%), Principal Financial Group Inc. (5.18%), Principal Financial Group Inc. (5.15%) and Janus Henderson Group PLC (4.69%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Anne P Noonan, Brian James Harris, John Raymond Murphy, Joseph S Cantie and Mikel Shane Evans.
View institutional ownership trends for Summit Materials.

Which institutional investors are selling Summit Materials stock?

SUM stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Bamco Inc. NY, Janus Henderson Group PLC, Paradigm Capital Management Inc. NY, Renaissance Technologies LLC, Jennison Associates LLC, Voloridge Investment Management LLC, and Dimensional Fund Advisors LP.
View insider buying and selling activity for Summit Materials or view top insider-selling stocks.

Which institutional investors are buying Summit Materials stock?

SUM stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Norges Bank, BlackRock Inc., Peregrine Capital Management LLC, Ancora Advisors LLC, Russell Investments Group Ltd., JPMorgan Chase & Co., and Morgan Stanley. Company insiders that have bought Summit Materials stock in the last two years include Anne P Noonan, and Joseph S Cantie.
View insider buying and selling activity for Summit Materials or or view top insider-buying stocks.

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 $28.50.

How much money does Summit Materials make?

Summit Materials has a market capitalization of $3.25 billion and generates $2.22 billion in revenue each year. The construction company earns $61.12 million in net income (profit) each year or $0.94 on an earnings per share basis.

How many employees does Summit Materials have?

Summit Materials employs 6,000 workers across the globe.

What is Summit Materials' official website?

The official website for Summit Materials is www.summit-materials.com.

Where are Summit Materials' headquarters?

Summit Materials is headquartered at 1550 Wynkoop Street 3rd Floor, Denver CO, 80202.

How can I contact Summit Materials?

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The construction company can be reached via phone at 303-893-0012 or via email at [email protected]


This page was last updated on 3/3/2021 by MarketBeat.com Staff
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