S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
S&P 500   4,088.85
DOW   32,654.59
QQQ   306.17
NYSE:SUM

Summit Materials (SUM) Stock Forecast, Price & News

$26.80
+1.13 (+4.40%)
(As of 05/17/2022 04:00 PM ET)
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Today's Range
$26.33
$27.02
50-Day Range
$24.56
$32.80
52-Week Range
$24.08
$41.46
Volume
848,349 shs
Average Volume
861,389 shs
Market Capitalization
$3.17 billion
P/E Ratio
22.71
Dividend Yield
N/A
Beta
1.3
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, and residential and nonresidential end 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 asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

Headlines

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Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
5,500
Year Founded
N/A

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.20 per share
Book Value
$15.36 per share

Profitability

Net Income
$154.28 million
Pretax Margin
7.82%

Debt

Price-To-Earnings

Miscellaneous

Free Float
117,143,000
Market Cap
$3.17 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/04/2022
Today
5/17/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.90 out of 5 stars

Construction Sector

93rd out of 137 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 24 stocks

Analyst Opinion: 3.2Community Rank: 4.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -













Summit Materials (NYSE:SUM) Frequently Asked Questions

Is Summit Materials a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Summit Materials stock. 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.
View analyst ratings for Summit Materials
or view top-rated stocks.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Summit Materials
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) announced its quarterly earnings data on Wednesday, May, 4th. The construction company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.03. The construction company had revenue of $392.50 million for the quarter, compared to analyst estimates of $395.55 million. Summit Materials had a trailing twelve-month return on equity of 7.02% and a net margin of 5.84%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.33) EPS.
View Summit Materials' earnings history
.

What price target have analysts set for SUM?

9 brokers have issued 1 year target prices for Summit Materials' stock. Their forecasts range from $35.00 to $45.00. On average, they expect Summit Materials' share price to reach $39.67 in the next year. This suggests a possible upside of 48.0% from the stock's current price.
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 59, Pay $2.39M)
  • Mr. Brian J. Harris, Exec. VP & CFO (Age 66, Pay $1.12M)
  • Mr. Christopher Burke Gaskill, Exec. VP, Chief Legal Officer & Sec. (Age 40, Pay $774.23k)
  • Ms. Deon MacMillan, Exec. VP, Chief People Officer & Head of Corp. Communications (Age 48, Pay $891.24k)
  • Mr. Thomas W. Hill B.A., MBA, Founder & Consultant (Age 66)
  • Andy Larkin, VP, Investor Relations
  • Mr. Thomas A. Beck, Exec. VP of Summit Materials (Age 65)
  • Mr. David Loomes, Sr. VP
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.

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 $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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.49%), BlackRock Inc. (7.61%), Principal Financial Group Inc. (5.54%), Dimensional Fund Advisors LP (4.49%), Victory Capital Management Inc. (3.03%) and Invesco Ltd. (2.18%). Company insiders that own Summit Materials 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 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 Bank of New York Mellon Corp, Frontier Capital Management Co. LLC, Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Russell Investments Group Ltd., Allianz Asset Management GmbH, Victory Capital Management Inc., and Invesco Ltd.. Company insiders that have sold Summit Materials company stock in the last year include Anne K Wade, 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 Principal Financial Group Inc., Sasco Capital Inc. CT, American Century Companies Inc., DG Capital Management LLC, Jane Street Group LLC, Vanguard Group Inc., PEAK6 Investments LLC, and Jennison Associates LLC. 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 $26.80.

How much money does Summit Materials make?

Summit Materials has a market capitalization of $3.17 billion and generates $2.41 billion in revenue each year. The construction company earns $154.28 million in net income (profit) each year or $1.18 on an earnings per share basis.

How many employees does Summit Materials have?

Summit Materials employs 5,500 workers across the globe.

What is Summit Materials' official website?

The official website for Summit Materials is 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, via email at [email protected], or via fax at 303-893-6993.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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