NYSE:SUM Summit Materials (SUM) Stock Forecast, Price & News $31.53 -0.68 (-2.11%) (As of 11:33 AM ET) Add Compare Share Share Today's Range$31.35▼$31.9550-Day Range$32.00▼$39.5152-Week Range$23.19▼$39.56Volume315,236 shsAverage Volume754,113 shsMarket Capitalization$3.75 billionP/E Ratio22.40Dividend YieldN/APrice Target$39.38 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Materials MarketRank™ ForecastAnalyst RatingHold2.46 Rating ScoreUpside/Downside24.6% Upside$39.38 Price TargetShort InterestHealthy4.57% of Shares Sold ShortDividend StrengthN/ASustainability-7.04Upright™ Environmental ScoreNews Sentiment0.65Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth16.55%From $1.45 to $1.69 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.03 out of 5 starsConstruction Sector74th out of 100 stocksMining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry9th out of 17 stocks 3.2 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 7 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $39.38, Summit Materials has a forecasted upside of 24.6% from its current price of $31.60.Amount of Analyst CoverageSummit Materials has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.57% 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 6.4.Change versus previous monthShort interest in Summit Materials has recently decreased by 0.37%, indicating that investor sentiment is improving. 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 2.6 News and Social Media Coverage News SentimentSummit Materials has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Construction companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Summit Materials this week, compared to 4 articles on an average week.Search Interest6 people have searched for SUM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows1 people have added Summit Materials to their MarketBeat watchlist in the last 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 0.47% 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 16.55% in the coming year, from $1.45 to $1.69 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 22.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 22.45, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 14.31.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 1.86. 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 About Summit Materials (NYSE:SUM) StockSummit 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.Read More SUM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SUM Stock News HeadlinesSeptember 21, 2023 | americanbankingnews.comSummit Materials, Inc. (NYSE:SUM) Given Average Recommendation of "Hold" by AnalystsSeptember 19, 2023 | msn.comSummit Materials' stock drops 11% despite robust financial performanceSeptember 21, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. September 19, 2023 | finance.yahoo.comSummit Materials, Inc.'s (NYSE:SUM) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?September 13, 2023 | finance.yahoo.comIs Summit Materials' Retest of a Key Moving Average a Buying Opportunity?September 13, 2023 | markets.businessinsider.comTop 5 Materials Stocks That Could Blast Off This MonthSeptember 13, 2023 | americanbankingnews.comTruist Financial Lowers Summit Materials (NYSE:SUM) Price Target to $43.00September 12, 2023 | finance.yahoo.comSummit Materials Stock Earns Relative Strength Rating UpgradeSeptember 21, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. September 10, 2023 | seekingalpha.comSummit Materials: Cementing Its PositionSeptember 9, 2023 | msn.comSummit Materials And Cementos Argos Merger: Potential Value Accretive DealSeptember 9, 2023 | markets.businessinsider.comSummit Materials (SUM) was downgraded to a Hold Rating at Wolfe ResearchSeptember 9, 2023 | markets.businessinsider.comSummit Materials (SUM) Gets a Hold from D.A. DavidsonSeptember 8, 2023 | markets.businessinsider.comSummit Materials (SUM) Gets a Buy from JefferiesSeptember 7, 2023 | marketwatch.comSummit Materials Shares Decline on Argos DealSeptember 7, 2023 | finance.yahoo.comSummit Materials to buy Cementos Argos' US unit in $3.2 billion dealSeptember 7, 2023 | finance.yahoo.comUPDATE 2-Summit Materials to buy Cementos Argos' US unit in $3.2 bln dealSeptember 7, 2023 | finance.yahoo.comUnveiling Summit Materials (SUM)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 7, 2023 | finance.yahoo.comCementos Argos, Summit Materials Merge North American Operations in $3.2 Billion DealSeptember 7, 2023 | benzinga.comWhy Summit Materials Stock Is Trading Lower TodaySeptember 7, 2023 | reuters.comSummit Materials to merge with Cementos Argos's US operations in $3.2 bln dealSeptember 7, 2023 | finance.yahoo.comSummit Materials to Combine with Argos USA, Creating a Materials-Led Enterprise with National ScaleSeptember 7, 2023 | finance.yahoo.comArgos North America and Summit Materials Combine to Create a Stronger Force in the U.S. Construction Materials IndustrySeptember 6, 2023 | msn.comTruist Securities Reiterates Summit Materials Inc - (SUM) Buy RecommendationAugust 25, 2023 | nasdaq.comJP Morgan Maintains Summit Materials Inc - (SUM) Underweight RecommendationAugust 23, 2023 | finance.yahoo.comSummit Materials (NYSE:SUM) Is Looking To Continue Growing Its Returns On CapitalAugust 22, 2023 | finance.yahoo.comSummit Materials Announces Significant Step to Streamline Company StructureSee More Headlines 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 SUM Company Calendar Last Earnings8/02/2023Today9/21/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, 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) 893-0012Fax303-893-6993Employees4,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$39.38 High Stock Price Forecast$48.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+22.3%Consensus RatingHold Rating Score (0-4)2.46 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$1.4078 Trailing P/E Ratio22.88 Forward P/E Ratio22.21 P/E GrowthN/ANet Income$275.94 million Net Margins6.85% Pretax Margin9.06% Return on Equity8.79% Return on Assets4.12% Debt Debt-to-Equity Ratio0.72 Current Ratio2.61 Quick Ratio1.90 Sales & Book Value Annual Sales$2.41 billion Price / Sales1.59 Cash Flow$3.10 per share Price / Cash Flow10.39 Book Value$16.99 per share Price / Book1.90Miscellaneous Outstanding Shares118,930,000Free Float118,371,000Market Cap$3.83 billion OptionableOptionable Beta1.46 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMs. Anne P. Noonan (Age 60)Pres, CEO & Director Comp: $2.28MMr. Christopher Burke Gaskill (Age 41)Exec. VP, Chief Legal Officer & Sec. Comp: $743.46kMs. Karli S. Anderson (Age 50)Exec. VP of Chief People & ESG Officer and Head of Communications Comp: $679.86kMr. Brian J. Harris (Age 67)Exec. Officer Comp: $1.03MMr. Kekin M. Ghelani (Age 49)Chief Strategy & Growth Officer Comp: $840.56kMr. Scott AndersonExec. VP & CFOAndy LarkinVP, Investor RelationsTrent MussoSr. VP of Corp. Devel.Mr. Thomas A. Beck (Age 66)Exec. VP of Summit Materials Mr. David LoomesSr. VPMore ExecutivesKey CompetitorsCabotNYSE:CBTAlpha Metallurgical ResourcesNYSE:AMRH.B. FullerNYSE:FULMP MaterialsNYSE:MPLiventNYSE:LTHMView All CompetitorsInstitutional OwnershipOrchard Capital Management LLCSold 185,567 shares on 9/1/2023Ownership: 0.146%Portside Wealth Group LLCBought 92,136 shares on 9/1/2023Ownership: 0.077%Alberta Investment Management CorpSold 8,323 shares on 8/24/2023Ownership: 0.056%Wolverine Trading LLCBought 39,100 shares on 8/23/2023Ownership: 0.000%Osaic Holdings Inc.Bought 1,465 shares on 8/21/2023Ownership: 0.009%View All Institutional Transactions SUM Stock - 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 year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SUM shares. 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 SUM analyst ratings or view top-rated stocks. What is Summit Materials' stock price forecast for 2023? 13 analysts have issued 12-month target prices for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $48.00. On average, they expect the company's share price to reach $39.38 in the next twelve months. This suggests a possible upside of 22.3% 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 shares have increased by 13.5% and is now trading at $32.21. 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, November 1st 2023. View our SUM earnings forecast. How were Summit Materials' earnings last quarter? Summit Materials, Inc. (NYSE:SUM) issued its quarterly earnings results on Wednesday, August, 2nd. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The construction company had revenue of $680.40 million for the quarter, compared to the consensus estimate of $642.59 million. Summit Materials had a net margin of 6.85% and a trailing twelve-month return on equity of 8.79%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. 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 paid 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. What ETFs hold Summit Materials' stock? ETFs with the largest weight of Summit Materials (NYSE:SUM) stock in their portfolio include Tema American Reshoring ETF (RSHO), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Nuveen Small Cap Select ETF (NSCS), Thrivent Small-Mid Cap ESG ETF (TSME), T. Rowe Price Small-Mid Cap ETF (TMSL), Dimensional US Small Cap Value ETF (DFSV), Vanguard Russell 2000 Value ETF (VTWV) and iShares Russell 2000 Value ETF (IWN). 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 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." Who are Summit Materials' major shareholders? Summit Materials' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.09%), Capital International Investors (6.27%), Dimensional Fund Advisors LP (5.03%), Principal Financial Group Inc. (4.33%), Victory Capital Management Inc. (3.34%) and Clearbridge Investments LLC (2.55%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, 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. What is Summit Materials' stock price today? One share of SUM stock can currently be purchased for approximately $32.21. How much money does Summit Materials make? Summit Materials (NYSE:SUM) has a market capitalization of $3.83 billion and generates $2.41 billion in revenue each year. The construction company earns $275.94 million in net income (profit) each year or $1.4078 on an earnings per share basis. How many employees does Summit Materials have? The company employs 4,800 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 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. 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