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 brokerages have issued twelve-month price targets for Summit Materials' stock. Their SUM share price targets range from $28.00 to $48.00. On average, they predict the company's share price to reach $40.08 in the next twelve months. This suggests a possible upside of 10.0% 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 beginning of 2023. Since then, SUM shares have increased by 28.3% and is now trading at $36.43. 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) released its quarterly earnings data on Wednesday, November, 1st. The construction company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. The construction company had revenue of $742 million for the quarter, compared to analyst estimates of $735.61 million. Summit Materials had a trailing twelve-month return on equity of 9.07% and a net margin of 12.45%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS.

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

Summit Materials declared a -- dividend on Wednesday, December 14th. Shareholders 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 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 initial public offering 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 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 a variety of institutional and retail investors. Top institutional investors 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 .

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

$36.42

+0.48 (+1.34%)

(As of 12/8/2023 ET)

Compare

Today's Range: $35.75
▼
$36.44
50-Day Range: $31.10
▼
$36.43
52-Week Range: $25.43
▼
$39.56

Volume: 620,418 shs
Average Volume: 615,626 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: 10.0% 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: 1.17
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.

1.95 out of 5 stars

Construction Sector

70th out of 100 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

15th out of 18 stocks

2.3

Analyst's Opinion

Consensus Rating
Summit Materials has received a consensus rating of Moderate Buy. The company's average rating score is 2.54, and is based on 8 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $40.08, Summit Materials has a forecasted upside of 10.0% from its current price of $36.43.
Amount of Analyst Coverage
Summit Materials has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.60% of the outstanding shares of Summit Materials have been sold short.
Short Interest Ratio / Days to Cover
Summit Materials has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Summit Materials has recently increased by 0.70%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Summit Materials does not currently pay a dividend.
Dividend Growth
Summit Materials does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Summit 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 Sustainability
The Environmental Impact score for Summit Materials is -7.04.

3.4

News and Social Media Coverage

News Sentiment
Summit Materials has a news sentiment score of 1.17. 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 0.76 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Summit Materials this week, compared to 4 articles on an average week.
Search Interest
12 people have searched for SUM on MarketBeat in the last 30 days. This is an increase of 140% compared to the previous 30 days.
MarketBeat Follows
6 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Summit Materials insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.47% of the stock of Summit Materials is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Summit Materials are expected to grow by 20.55% in the coming year, from $1.46 to $1.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Summit Materials is 13.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Summit Materials is 13.96, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 15.74.
Price to Book Value per Share Ratio
Summit Materials has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SUM Stock News Headlines

December 5, 2023 | americanbankingnews.com

Summit Materials, Inc. (NYSE:SUM) Receives Consensus Rating of "Moderate Buy" from Analysts

November 30, 2023 | msn.com

Summit Materials announces pricing of $800M of 7.250% senior notes due 2031

December 9, 2023 | Autonomix (Ad)

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November 30, 2023 | finance.yahoo.com

Summit Materials Announces Pricing of $800 Million of 7.250% Senior Notes Due 2031

November 27, 2023 | markets.businessinsider.com

Summit Materials Plans To Offer $800.0 Million Aggregate Principal Amount Of Senior Notes Due 2031

November 27, 2023 | finance.yahoo.com

SUMMIT MATERIALS ANNOUNCES INTENTION TO OFFER $800 MILLION OF SENIOR NOTES

November 27, 2023 | investing.com

Summit Materials stock rises, matches industry PE ratio

November 26, 2023 | seekingalpha.com

Summit Materials: A Good Buy At Current Levels

December 9, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

November 24, 2023 | finance.yahoo.com

When Should You Buy Summit Materials, Inc. (NYSE:SUM)?

November 7, 2023 | finance.yahoo.com

Is Summit Materials, Inc. (NYSE:SUM) Worth US$33.9 Based On Its Intrinsic Value?

November 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: Summit Materials (SUM) and Sealed Air (SEE)

November 3, 2023 | finance.yahoo.com

Summit Materials, Inc. (NYSE:SUM) Q3 2023 Earnings Call Transcript

November 2, 2023 | msn.com

Summit Materials Non-GAAP EPS of $0.81 beats by $0.06, revenue of $741.96M in-line

November 2, 2023 | finance.yahoo.com

Compared to Estimates, Summit Materials (SUM) Q3 Earnings: A Look at Key Metrics

November 1, 2023 | finance.yahoo.com

Summit Materials, Inc. Reports Third Quarter 2023 Results

November 1, 2023 | finance.yahoo.com

Summit Materials Inc (SUM) Reports Record Revenue and Profitability in Q3 2023

October 31, 2023 | msn.com

Summit Materials Q3 2023 Earnings Preview

October 27, 2023 | finance.yahoo.com

Summit Materials (SUM) Fell on an Acquisition Announcement

October 26, 2023 | msn.com

Seaport Global Upgrades Summit Materials Inc - (SUM)

October 24, 2023 | finance.yahoo.com

Summit Materials Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Pending Transaction with Cementos Argos

October 23, 2023 | finance.yahoo.com

What Makes Summit Materials (SUM) an Attractive Bet?

October 23, 2023 | finance.yahoo.com

Summit Materials' Continental Cement Signs Memorandum of Understanding with PCC Hydrogen to Explore Collaborative Opportunities to Lower Carbon Emissions

October 22, 2023 | finance.yahoo.com

Summit Materials' (NYSE:SUM) five-year earnings growth trails the impressive shareholder returns

October 20, 2023 | finance.yahoo.com

Summit Materials (SUM) Stock Jumps 6.5%: Will It Continue to Soar?

October 20, 2023 | finance.yahoo.com

Summit Materials Stock Sees Relative Strength Rating Builds Up To 88

October 19, 2023 | markets.businessinsider.com

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Sector: Construction
Current Symbol: NYSE:SUM
CUSIP: N/A
CIK: 1621563
Web: www.summit-materials.com
Phone: (303) 893-0012
Fax: 303-893-6993
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: +10.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.54
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.61
Trailing P/E Ratio: 13.96
Forward P/E Ratio: 24.95
P/E Growth: N/A
Net Income: $275.94 million
Net Margins: 12.45%
Pretax Margin: 14.65%
Return on Equity: 9.07%
Return on Assets: 4.41%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 2.51
Quick Ratio: 1.82

Sales & Book Value

Annual Sales: $2.51 billion
Price / Sales: 1.73
Cash Flow: $3.17 per share
Price / Cash Flow: 11.49
Book Value: $16.99 per share
Price / Book: 2.14

Miscellaneous

Outstanding Shares: 119,461,000
Free Float: 118,900,000
Market Cap: $4.35 billion
Optionable: Optionable
Beta: 1.36

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Key Executives

Ms. 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 brokerages have issued twelve-month price targets for Summit Materials' stock. Their SUM share price targets range from $28.00 to $48.00. On average, they predict the company's share price to reach $40.08 in the next twelve months. This suggests a possible upside of 10.0% 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 beginning of 2023. Since then, SUM shares have increased by 28.3% and is now trading at $36.43.
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) released its quarterly earnings data on Wednesday, November, 1st. The construction company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. The construction company had revenue of $742 million for the quarter, compared to analyst estimates of $735.61 million. Summit Materials had a trailing twelve-month return on equity of 9.07% and a net margin of 12.45%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS.
How often does Summit Materials pay dividends? What is the dividend yield for Summit Materials?: Summit Materials declared a -- dividend on Wednesday, December 14th. Shareholders 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 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 initial public offering 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 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 a variety of institutional and retail investors. Top institutional investors 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 12/9/2023 by MarketBeat.com Staff

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