NYSE:SUM Summit Materials (SUM) Stock Forecast, Price & News $34.25 -0.29 (-0.84%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$34.00▼$34.3950-Day Range$25.82▼$34.5552-Week Range$21.99▼$34.64Volume551,335 shsAverage Volume657,459 shsMarket Capitalization$4.07 billionP/E Ratio15.01Dividend YieldN/APrice Target$34.08 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Materials MarketRank™ ForecastAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside0.5% Downside$34.08 Price TargetShort InterestHealthy4.63% of Shares Sold ShortDividend StrengthN/ASustainability-7.04Upright™ Environmental ScoreNews Sentiment0.87Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth21.23%From $1.46 to $1.77 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.1.56 out of 5 starsConstruction Sector96th out of 101 stocksMining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry18th out of 19 stocks 1.3 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.08, Summit Materials has a forecasted downside of 0.5% from its current price of $34.25.Amount of Analyst CoverageSummit Materials has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.63% 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 7.8.Change versus previous monthShort interest in Summit Materials has recently decreased by 8.33%, indicating that investor sentiment is improving significantly. 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 2.7 News and Social Media Coverage News SentimentSummit Materials has a news sentiment score of 0.87. 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 is a higher news sentiment than the 0.77 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Summit Materials this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for SUM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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 21.23% in the coming year, from $1.46 to $1.77 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 15.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 15.01, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.06.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 2.02. 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. is a construction materials company. It manufactures construction materials and related downstream products. The firm operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana. The West segment includes operations in Texas, Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada. The East segments serves markets extending across the Midwestern and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky, North Carolina, South Carolina and Nebraska where the company supplies aggregates, ready mix concrete, asphalt paving mix and paving and related services. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.Read More 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 Stock News HeadlinesMay 18, 2023 | marketbeat.comEagle Materials, Answering America's Building Supply Needs (SUM)Eagle Materials shares are approaching a new all-time high price amid reporting a record-setting first quarter 2023, these macro economic trends suggest a rallyJune 8, 2023 | americanbankingnews.comSummit Materials (NYSE:SUM) Sets New 12-Month High at $34.50June 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 8, 2023 | msn.comSummit Materials partners with U.S. Department of Labor for free on-the-job trainingMay 24, 2023 | americanbankingnews.comSummit Materials, Inc. (NYSE:SUM) Receives $34.09 Consensus Price Target from AnalystsMay 15, 2023 | finance.yahoo.comSummit Materials (NYSE:SUM) jumps 3.2% this week, though earnings growth is still tracking behind three-year shareholder returnsMay 13, 2023 | americanbankingnews.comSummit Materials, Inc. (NYSE:SUM) to Post Q1 2024 Earnings of ($0.33) Per Share, Seaport Res Ptn ForecastsMay 10, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Summit Materials, Inc. Decreased by Seaport Res Ptn (NYSE:SUM)June 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 9, 2023 | msn.comCitigroup Maintains Summit Materials Inc - (SUM) Buy RecommendationMay 8, 2023 | markets.businessinsider.comSummit Materials (SUM) Receives a Rating Update from a Top AnalystMay 7, 2023 | americanbankingnews.comBarclays Increases Summit Materials (NYSE:SUM) Price Target to $31.00May 5, 2023 | msn.comRBC Capital Maintains Summit Materials Inc - (SUM) Outperform RecommendationMay 5, 2023 | msn.comGoldman Sachs Maintains Summit Materials Inc - (SUM) Neutral RecommendationMay 5, 2023 | markets.businessinsider.com4 Analysts Have This to Say About Summit MaterialsMay 5, 2023 | seekingalpha.comSummit Materials, Inc. 2023 Q1 - Results - Earnings Call PresentationMay 5, 2023 | msn.comBarclays Maintains Summit Materials Inc - (SUM) Equal-Weight RecommendationMay 4, 2023 | msn.comStephens & Co. Reiterates Summit Materials Inc - (SUM) Overweight RecommendationMay 4, 2023 | benzinga.comSummit Materials shares are trading higher after the company reported mixed Q1 financial results.May 3, 2023 | finance.yahoo.comSummit Materials, Inc. Reports First Quarter 2023 ResultsMay 3, 2023 | markets.businessinsider.comSummit Materials A earnings preview: what Wall Street is expectingMay 2, 2023 | msn.comEarnings Preview: Summit MaterialsMay 1, 2023 | americanbankingnews.comSummit Materials (SUM) Set to Announce Earnings on WednesdayApril 27, 2023 | americanbankingnews.comSummit Materials, Inc. (NYSE:SUM) Receives $34.40 Consensus Target Price from AnalystsApril 26, 2023 | markets.businessinsider.comAnalysts Conflicted on These Materials Names: Crown Holdings (CCK) and Dow Inc (DOW)April 24, 2023 | seekingalpha.comSummit Materials: Cyclical Market Exposure Keeps Me On The SidelinesApril 20, 2023 | seekingalpha.comSUM Summit Materials, Inc.See More Headlines SUM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SUM Company Calendar Last Earnings5/03/2023Today6/10/2023Next Earnings (Estimated)8/02/2023Fiscal 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$34.08 High Stock Price Forecast$45.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside-0.5%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$2.2811 Trailing P/E Ratio15.01 Forward P/E Ratio23.46 P/E GrowthN/ANet Income$275.94 million Net Margins11.36% Pretax Margin14.97% Return on Equity8.28% Return on Assets3.84% Debt Debt-to-Equity Ratio0.75 Current Ratio3.42 Quick Ratio2.52 Sales & Book Value Annual Sales$2.41 billion Price / Sales1.69 Cash Flow$3.11 per share Price / Cash Flow11.02 Book Value$16.99 per share Price / Book2.02Miscellaneous Outstanding Shares118,830,000Free Float118,271,000Market Cap$4.07 billion OptionableOptionable Beta1.41 Key ExecutivesAnne P. NoonanPresident, Chief Executive Officer & DirectorScott AndersonChief Financial Officer & Executive Vice PresidentThomas A. BeckExecutive Vice PresidentAbney S. BoxleyExecutive Vice PresidentKarli Schumaker AndersonExecutive VP, Chief People & ESG OfficerKey CompetitorsUnited States Lime & MineralsNASDAQ:USLMAZEKNYSE:AZEKKB HomeNYSE:KBHPotlatchDelticNASDAQ:PCHFluorNYSE:FLRView All CompetitorsInstitutional OwnershipProShare Advisors LLCSold 1,306 shares on 5/26/2023Ownership: 0.012%Ameriprise Financial Inc.Bought 425,262 shares on 5/22/2023Ownership: 2.024%JPMorgan Chase & Co.Sold 130,933 shares on 5/18/2023Ownership: 0.393%New York State Common Retirement FundBought 140,906 shares on 5/18/2023Ownership: 0.287%Thrivent Financial for LutheransSold 70,538 shares on 5/17/2023Ownership: 0.892%View All Institutional Transactions SUM Stock - Frequently Asked Questions Should I buy or sell Summit Materials stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SUM shares. View SUM analyst ratings or view top-rated stocks. What is Summit Materials' stock price forecast for 2023? 12 brokerages have issued 12 month target prices for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $45.00. On average, they predict the company's share price to reach $34.08 in the next year. This suggests that the stock has a possible downside of 0.5%. 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 on January 1st, 2023. Since then, SUM stock has increased by 20.6% and is now trading at $34.25. 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, August 2nd 2023. View our SUM earnings forecast. How were Summit Materials' earnings last quarter? Summit Materials, Inc. (NYSE:SUM) announced its earnings results on Wednesday, May, 3rd. The construction company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.12. The construction company had revenue of $407.27 million for the quarter, compared to analyst estimates of $396.61 million. Summit Materials had a net margin of 11.36% and a trailing twelve-month return on equity of 8.28%. Summit Materials's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.40) earnings per share. How often does Summit Materials pay dividends? What is the dividend yield for Summit Materials? Summit Materials declared a -- dividend on Wednesday, December 14th. Investors of record on Thursday, December 15th will be given 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 Invesco Dynamic Building & Construction ETF (PKB), Invesco DWA Basic Materials Momentum ETF (PYZ), SRH U.S. Quality ETF (SRHQ), Thrivent Small-Mid Cap ESG ETF (TSME), Nuveen Small Cap Select ETF (NSCS), Hypatia Women CEO ETF (WCEO), Fidelity Women's Leadership ETF (FDWM) and iShares U.S. Infrastructure ETF (IFRA). 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), 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 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 shareholders include BlackRock Inc. (7.71%), Price T Rowe Associates Inc. MD (6.99%), Dimensional Fund Advisors LP (5.17%), Macquarie Group Ltd. (4.40%), Principal Financial Group Inc. (4.32%) and FMR LLC (3.97%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, Anne P Noonan, 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 $34.25. How much money does Summit Materials make? Summit Materials (NYSE:SUM) has a market capitalization of $4.07 billion and generates $2.41 billion in revenue each year. The construction company earns $275.94 million in net income (profit) each year or $2.2811 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 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Summit Materials, Inc. 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