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NYSE:SUM

Summit Materials (SUM) Stock Price, News & Analysis

$43.92
+0.72 (+1.67%)
(As of 04:10 PM ET)
Today's Range
$43.08
$44.42
50-Day Range
$34.80
$43.21
52-Week Range
$25.43
$44.42
Volume
1.49 million shs
Average Volume
986,001 shs
Market Capitalization
$7.65 billion
P/E Ratio
18.45
Dividend Yield
N/A
Price Target
$42.30

Summit Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
4.0% Downside
$42.30 Price Target
Short Interest
Bearish
2.23% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
1.24mentions of Summit Materials in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.07%
From $2.42 to $2.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.17 out of 5 stars

Construction Sector

60th out of 100 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 17 stocks


SUM stock logo

About Summit Materials Stock (NYSE:SUM)

Summit Materials, Inc. operates as a vertically integrated construction materials company. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It serves the public infrastructure, and residential and nonresidential end markets in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

SUM Stock Price History

SUM Stock News Headlines

Top Stock Picks for the Week of February 26, 2024
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
JP Morgan Upgrades Summit Materials (SUM)
Summit Materials to Host Investor Day on March 13, 2024
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Loop Capital Markets Reaffirms Their Buy Rating on Summit Materials (SUM)
Summit Materials Q4 2023 Earnings Preview
Cracking The Code: Understanding Analyst Reviews For Summit Materials
Should Value Investors Buy Cemex (CX) Stock?
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
3/04/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
5,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$42.30
High Stock Price Target
$47.00
Low Stock Price Target
$31.00
Potential Upside/Downside
-4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$289.63 million
Pretax Margin
15.06%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$3.55 per share
Book Value
$19.38 per share

Miscellaneous

Free Float
173,449,000
Market Cap
$7.68 billion
Optionable
Optionable
Beta
1.32
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Key Executives

  • Ms. Anne P. NoonanMs. Anne P. Noonan (Age 61)
    President, CEO & Director
    Comp: $2.28M
  • Mr. Christopher Burke Gaskill (Age 42)
    Executive VP, Chief Legal Officer & Secretary
    Comp: $743.46k
  • Ms. Karli S. Anderson (Age 51)
    Executive VP of Chief People & ESG Officer and Head of Communications
    Comp: $679.86k
  • Mr. Brian J. Harris (Age 68)
    Executive Officer
    Comp: $1.03M
  • Mr. Kekin M. Ghelani (Age 50)
    Chief Strategy & Growth Officer
    Comp: $840.56k
  • Mr. Scott Anderson
    Executive VP & CFO
  • Mr. Marshall D. Moore (Age 60)
    Executive VP & COO
  • Andy Larkin
    Vice President, Investor Relations
  • Trent Musso
    Senior VP of Corporate Development
  • Mr. David Loomes
    Executive VP-Cement














SUM Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUM shares.
View SUM analyst ratings
or view top-rated stocks.

What is Summit Materials' stock price target for 2024?

10 brokerages have issued 12-month target prices for Summit Materials' stock. Their SUM share price targets range from $31.00 to $47.00. On average, they predict the company's share price to reach $42.30 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
View analysts price targets for SUM
or view top-rated stocks among Wall Street analysts.

How have SUM shares performed in 2024?

Summit Materials' stock was trading at $38.46 on January 1st, 2024. Since then, SUM shares have increased by 14.6% and is now trading at $44.07.
View the best growth stocks for 2024 here
.

When is Summit Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SUM earnings forecast
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) released its quarterly earnings data on Wednesday, February, 14th. The construction company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The construction company had revenue of $613.13 million for the quarter, compared to the consensus estimate of $560.90 million. Summit Materials had a trailing twelve-month return on equity of 8.73% and a net margin of 10.91%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share.

What is Thomas Hill's approval rating as Summit Materials' CEO?

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.

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), Block (SQ), RTX (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 $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.

Who are Summit Materials' major shareholders?

Summit Materials' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.03%), Price T Rowe Associates Inc. MD (7.38%), Massachusetts Financial Services Co. MA (5.57%), Dimensional Fund Advisors LP (4.57%), Principal Financial Group Inc. (4.40%) and Victory Capital Management Inc. (2.70%). Insiders that own company stock include Anne K Wade, Howard L Lance and John Raymond Murphy.
View institutional ownership trends
.

How do I buy shares of Summit Materials?

Shares of SUM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SUM) was last updated on 3/4/2024 by MarketBeat.com Staff