Summit Materials (SUM) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SUM earnings forecast.

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.

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.

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).

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.

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).

(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.

Summit Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUM."

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.

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.
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One share of SUM stock can currently be purchased for approximately $32.21.

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.

The company employs 4,800 workers across the globe.

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.