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Summit Materials Stock Price, News & Analysis (NYSE:SUM)

$36.42
+0.48 (+1.34%)
(As of 04:38 PM ET)
Compare
Today's Range
$35.75
$36.44
50-Day Range
$31.10
$35.95
52-Week Range
$25.43
$39.56
Volume
620,418 shs
Average Volume
838,300 shs
Market Capitalization
$4.35 billion
P/E Ratio
13.95
Dividend Yield
N/A
Price Target
$40.08

Summit Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
10.5% Upside
$40.08 Price Target
Short Interest
Healthy
3.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.67mentions of Summit Materials in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.55%
From $1.46 to $1.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

Construction Sector

51st out of 80 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

10th out of 14 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

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Summit Materials: A Good Buy At Current Levels
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
When Should You Buy Summit Materials, Inc. (NYSE:SUM)?
Summit Materials, Inc. Reports Third Quarter 2023 Results
Summit Materials Q3 2023 Earnings Preview
What Makes Summit Materials (SUM) an Attractive Bet?
Goldman Sachs Sticks to Its Hold Rating for Summit Materials (SUM)
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
4,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.08
High Stock Price Target
$48.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$275.94 million
Pretax Margin
14.65%

Debt

Sales & Book Value

Annual Sales
$2.51 billion
Cash Flow
$3.14 per share
Book Value
$16.99 per share

Miscellaneous

Free Float
118,900,000
Market Cap
$4.31 billion
Optionable
Optionable
Beta
1.36
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Key Executives

  • Ms. Anne P. NoonanMs. Anne P. Noonan (Age 60)
    President, CEO & Director
    Comp: $2.28M
  • Mr. Christopher Burke Gaskill (Age 41)
    Executive VP, Chief Legal Officer & Secretary
    Comp: $743.46k
  • Ms. Karli S. Anderson (Age 50)
    Executive VP of Chief People & ESG Officer and Head of Communications
    Comp: $679.86k
  • Mr. Brian J. Harris (Age 67)
    Executive Officer
    Comp: $1.03M
  • Mr. Kekin M. Ghelani (Age 49)
    Chief Strategy & Growth Officer
    Comp: $840.56k
  • Mr. Scott Anderson
    Executive VP & CFO
  • Andy Larkin
    Vice President, Investor Relations
  • Trent Musso
    Senior VP of Corporate Development
  • Mr. David Loomes
    President of Continental Cement Company, L.L.C.
  • Julio DaSilva
    Chief Information Technology Officer














SUM Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research 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?

13 Wall Street analysts have issued 1 year price objectives for Summit Materials' shares. Their SUM share price targets range from $28.00 to $48.00. On average, they expect the company's share price to reach $40.08 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for SUM
or view top-rated stocks among Wall Street analysts.

How have SUM shares performed in 2023?

Summit Materials' stock was trading at $28.39 at the start of the year. Since then, SUM stock has increased by 27.8% and is now trading at $36.27.
View the best growth stocks for 2023 here
.

When is Summit Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our SUM earnings forecast
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) announced its quarterly earnings results on Wednesday, November, 1st. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The construction company had revenue of $742 million for the quarter, compared to analysts' expectations of $735.61 million. Summit Materials had a net margin of 12.45% and a trailing twelve-month return on equity of 9.07%. Summit Materials's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share.

How often does Summit Materials pay dividends? What is the dividend yield for Summit Materials?

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

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 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.

Who are Summit Materials' major shareholders?

Summit Materials' stock is owned by many different retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (4.64%), Principal Financial Group Inc. (4.42%), FMR LLC (3.25%), Victory Capital Management Inc. (3.23%), Invesco Ltd. (2.97%) and Clearbridge Investments LLC (2.56%). Insiders that own company stock include Anne K Wade, Howard L Lance, John Raymond Murphy and Joseph S Cantie.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SUM) was last updated on 12/8/2023 by MarketBeat.com Staff

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