NYSE:SUM

Summit Materials Stock Forecast, Price & News

$32.78
-1.53 (-4.46 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$32.20
$34.17
50-Day Range
$28.19
$35.49
52-Week Range
$14.36
$36.19
Volume1.07 million shs
Average Volume1.29 million shs
Market Capitalization$3.85 billion
P/E Ratio23.25
Dividend YieldN/A
Beta1.33
30 days | 90 days | 365 days | Advanced Chart
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Summit Materials logo

About Summit Materials

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 through 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. It also provides paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. It has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

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Sales & Book Value

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MarketRank

Overall MarketRank

1.36 out of 5 stars

Construction Sector

83rd out of 210 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 33 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Summit Materials (NYSE:SUM) Frequently Asked Questions

Is Summit Materials a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Summit Materials stock.
View analyst ratings for Summit Materials
or view top-rated stocks.

What stocks does MarketBeat like better than Summit Materials?

Wall Street analysts have given Summit Materials a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Summit Materials wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Summit Materials
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) posted its earnings results on Monday, May, 10th. The construction company reported ($0.33) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.53) by $0.20. The construction company had revenue of $398.50 million for the quarter, compared to analyst estimates of $353.77 million. Summit Materials had a trailing twelve-month return on equity of 7.20% and a net margin of 6.70%. Summit Materials's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.48) EPS.
View Summit Materials' earnings history
.

How has Summit Materials' stock price been impacted by COVID-19 (Coronavirus)?

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SUM stock has increased by 131.7% and is now trading at $32.78.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SUM?

10 equities research analysts have issued 12-month price objectives for Summit Materials' shares. Their forecasts range from $16.00 to $42.00. On average, they anticipate Summit Materials' share price to reach $32.25 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Summit Materials
or view top-rated stocks among Wall Street analysts.

Who are Summit Materials' key executives?

Summit Materials' management team includes the following people:
  • Ms. Anne P. Noonan, Pres, CEO & Director (Age 58, Pay $1.32M)
  • Mr. Thomas W. Hill B.A., MBA, Founder & Consultant (Age 65, Pay $2.59M)
  • Mr. Brian J. Harris, Exec. VP & CFO (Age 65, Pay $1.22M)
  • Mr. Michael J. Brady, Exec. VP & Chief Bus. Devel. Officer (Age 53, Pay $945.76k)
  • Ms. Karli S. Anderson, Exec. VP, Chief Environmental, Social & Governance Officer and Head of Investor Relations (Age 48)
  • Mr. Christopher Burke Gaskill, Exec. VP, Chief Legal Officer & Sec.
  • Ms. Deon MacMillan, Exec. VP, Chief People Officer & Head of Corp. Communications
  • Mr. M. Shane Evans, Advisor (Age 50)

What is Thomas Hill's approval rating as Summit Materials' CEO?

7 employees have rated Summit Materials CEO Thomas Hill on Glassdoor.com. Thomas Hill has an approval rating of 100% among Summit Materials' employees. This puts Thomas Hill in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 Intel (INTC), Pfizer (PFE), Square (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 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.

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.26%), Price T Rowe Associates Inc. MD (6.88%), Dimensional Fund Advisors LP (5.17%), Principal Financial Group Inc. (5.02%), Janus Henderson Group PLC (4.99%) and Franklin Resources Inc. (3.74%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Anne P Noonan, Brian James Harris, Howard L Lance, John Raymond Murphy, Joseph S Cantie and Mikel Shane Evans.
View institutional ownership trends for Summit Materials
.

Which institutional investors are selling Summit Materials stock?

SUM stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Putnam Investments LLC, Northern Trust Corp, Jennison Associates LLC, Renaissance Technologies LLC, Weitz Investment Management Inc., Schonfeld Strategic Advisors LLC, and Paradigm Capital Management Inc. NY. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Howard L Lance, and John Raymond Murphy.
View insider buying and selling activity for Summit Materials
or view top insider-selling stocks.

Which institutional investors are buying Summit Materials stock?

SUM stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Maverick Capital Ltd., Victory Capital Management Inc., The Manufacturers Life Insurance Company, Goldman Sachs Group Inc., Castleark Management LLC, Electron Capital Partners LLC, and Janus Henderson Group PLC. Company insiders that have bought Summit Materials stock in the last two years include Anne P Noonan, and Joseph S Cantie.
View insider buying and selling activity for Summit Materials
or or view top insider-buying stocks.

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 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 $32.78.

How much money does Summit Materials make?

Summit Materials has a market capitalization of $3.85 billion and generates $2.33 billion in revenue each year. The construction company earns $141.24 million in net income (profit) each year or $0.81 on an earnings per share basis.

How many employees does Summit Materials have?

Summit Materials employs 6,000 workers across the globe.

What is Summit Materials' official website?

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

Where are Summit Materials' headquarters?

Summit Materials is headquartered at 1550 Wynkoop Street 3rd Floor, Denver CO, 80202.

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]


This page was last updated on 6/18/2021 by MarketBeat.com Staff
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