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NYSE:SUM

Summit Materials (SUM) Stock Forecast, Price & News

$31.53
-0.68 (-2.11%)
(As of 11:33 AM ET)
Compare
Today's Range
$31.35
$31.95
50-Day Range
$32.00
$39.51
52-Week Range
$23.19
$39.56
Volume
315,236 shs
Average Volume
754,113 shs
Market Capitalization
$3.75 billion
P/E Ratio
22.40
Dividend Yield
N/A
Price Target
$39.38

Summit Materials MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
24.6% Upside
$39.38 Price Target
Short Interest
Healthy
4.57% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.65mentions of Summit Materials in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.55%
From $1.45 to $1.69 Per Share

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 stars

Construction Sector

74th out of 100 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 17 stocks


SUM stock logo

About Summit Materials (NYSE:SUM) Stock

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 Price History

SUM Stock News Headlines

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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.
Top 5 Materials Stocks That Could Blast Off This Month
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.
Summit Materials: Cementing Its Position
Summit Materials (SUM) was downgraded to a Hold Rating at Wolfe Research
Summit Materials (SUM) Gets a Hold from D.A. Davidson
Summit Materials (SUM) Gets a Buy from Jefferies
Summit Materials Shares Decline on Argos Deal
Why Summit Materials Stock Is Trading Lower Today
See More Headlines
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SUM Company Calendar

Last Earnings
8/02/2023
Today
9/21/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$39.38
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+22.3%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$275.94 million
Pretax Margin
9.06%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.10 per share
Book Value
$16.99 per share

Miscellaneous

Free Float
118,371,000
Market Cap
$3.83 billion
Optionable
Optionable
Beta
1.46
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Key Executives

  • Ms. Anne P. NoonanMs. Anne P. Noonan (Age 60)
    Pres, CEO & Director
    Comp: $2.28M
  • Mr. Christopher Burke Gaskill (Age 41)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $743.46k
  • Ms. Karli S. Anderson (Age 50)
    Exec. VP of Chief People & ESG Officer and Head of Communications
    Comp: $679.86k
  • Mr. Brian J. Harris (Age 67)
    Exec. Officer
    Comp: $1.03M
  • Mr. Kekin M. Ghelani (Age 49)
    Chief Strategy & Growth Officer
    Comp: $840.56k
  • Mr. Scott Anderson
    Exec. VP & CFO
  • Andy Larkin
    VP, Investor Relations
  • Trent Musso
    Sr. VP of Corp. Devel.
  • Mr. Thomas A. Beck (Age 66)
    Exec. VP of Summit Materials
  • Mr. David Loomes
    Sr. VP













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 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.

This page (NYSE:SUM) was last updated on 9/21/2023 by MarketBeat.com Staff

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