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NYSE:SUM - Summit Materials Stock Price, Forecast & News

$22.47
-0.16 (-0.71 %)
(As of 12/15/2019 06:05 AM ET)
Today's Range
$22.41
Now: $22.47
$22.94
50-Day Range
$21.89
MA: $23.27
$24.38
52-Week Range
$11.25
Now: $22.47
$24.57
Volume855,408 shs
Average Volume1.31 million shs
Market Capitalization$2.52 billion
P/E Ratio149.80
Dividend YieldN/A
Beta2.16
Summit Materials, Inc, through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other markets. It operates in three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. Read More…

Industry, Sector and Symbol

Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
Phone303-893-0012

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.10 billion
Cash Flow$1.14 per share
Book Value$6.76 per share

Profitability

Net Income$36.33 million

Miscellaneous

Employees6,000
Market Cap$2.52 billion
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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Summit Materials (NYSE:SUM) Frequently Asked Questions

What is Summit Materials' stock symbol?

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

How were Summit Materials' earnings last quarter?

Summit Materials Inc (NYSE:SUM) posted its earnings results on Wednesday, October, 30th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.70 by $0.20. The construction company earned $665.85 million during the quarter, compared to analyst estimates of $674.18 million. Summit Materials had a return on equity of 1.40% and a net margin of 0.20%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. View Summit Materials' Earnings History.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Summit Materials.

What price target have analysts set for SUM?

12 Wall Street analysts have issued twelve-month price targets for Summit Materials' stock. Their forecasts range from $18.00 to $32.00. On average, they expect Summit Materials' share price to reach $24.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price. View Analyst Price Targets for Summit Materials.

What is the consensus analysts' recommendation for Summit Materials?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Materials.

Has Summit Materials been receiving favorable news coverage?

Media headlines about SUM stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Summit Materials earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the construction company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Summit Materials.

Are investors shorting Summit Materials?

Summit Materials saw a decrease in short interest in the month of November. As of November 15th, there was short interest totalling 12,120,000 shares, a decrease of 13.0% from the October 31st total of 13,930,000 shares. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 10.8 days. Currently, 10.8% of the company's shares are short sold. View Summit Materials' Current Options Chain.

Who are some of Summit Materials' key competitors?

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 Square (SQ), WNS (WNS), Netflix (NFLX), General Electric (GE), ZEN Graphene Solutions (ZENYF), Intel (INTC), Blackstone Group (BX), Enterprise Products Partners (EPD), Southwest Airlines (LUV) and Altria Group (MO).

Who are Summit Materials' key executives?

Summit Materials' management team includes the folowing people:
  • Mr. Thomas W. Hill B.A., MBA, Founder, Pres, CEO & Director (Age 63)
  • Mr. Brian J. Harris, Exec. VP & CFO (Age 63)
  • Mr. Karl H. Watson Jr., Exec. VP & COO (Age 54)
  • Mr. Michael J. Brady, Exec. VP & Chief Bus. Devel. Officer (Age 51)
  • Mr. M. Shane Evans, Exec. VP & Pres of West Division (Age 48)

When did Summit Materials IPO?

(SUM) raised $400 million in an initial public offering (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 acted 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 of retail and institutional investors. Top institutional investors include Eagle Asset Management Inc. (2.87%), State Street Corp (2.05%), Millennium Management LLC (1.17%), Massachusetts Financial Services Co. MA (0.86%), Lapides Asset Management LLC (0.34%) and Kornitzer Capital Management Inc. KS (0.29%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, Karl Watson, Mikel Shane Evans, Ted A Gardner, Thomas A Beck and Thomas W Hill. View Institutional Ownership Trends for Summit Materials.

Which major investors are selling Summit Materials stock?

SUM stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, State of New Jersey Common Pension Fund D, Massachusetts Financial Services Co. MA, Stifel Financial Corp, Kornitzer Capital Management Inc. KS, Lapides Asset Management LLC, Congress Asset Management Co. MA and State Street Corp. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Brian James Harris, John Raymond Murphy and Mikel Shane Evans. View Insider Buying and Selling for Summit Materials.

Which major investors are buying Summit Materials stock?

SUM stock was acquired by a variety of institutional investors in the last quarter, including Man Group plc, Squarepoint Ops LLC, California Public Employees Retirement System, Fox Run Management L.L.C., Voya Investment Management LLC, SG Americas Securities LLC, Rhumbline Advisers and Venturi Wealth Management LLC. Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, Karl Watson, Thomas A Beck and Thomas W Hill. View Insider Buying and Selling for Summit Materials.

How do I buy shares of Summit Materials?

Shares of SUM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Summit Materials' stock price today?

One share of SUM stock can currently be purchased for approximately $22.47.

How big of a company is Summit Materials?

Summit Materials has a market capitalization of $2.52 billion and generates $2.10 billion in revenue each year. The construction company earns $36.33 million in net income (profit) each year or $0.15 on an earnings per share basis. Summit Materials employs 6,000 workers across the globe.View Additional Information About Summit Materials.

What is Summit Materials' official website?

The official website for Summit Materials is http://www.summit-materials.com/.

How can I contact Summit Materials?

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The construction company can be reached via phone at 303-893-0012 or via email at [email protected]


MarketBeat Community Rating for Summit Materials (NYSE SUM)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  344 (Vote Outperform)
Underperform Votes:  310 (Vote Underperform)
Total Votes:  654
MarketBeat's community ratings are surveys of what our community members think about Summit Materials and other stocks. Vote "Outperform" if you believe SUM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SUM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/15/2019 by MarketBeat.com Staff

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