NYSE:SUMSummit Materials Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Materials Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $15.75 +0.81 (+5.42 %) (As of 05/26/2020 04:00 PM ET) Add Compare Share Today's Range$14.72Now: $15.75▼$15.8350-Day Range$11.05MA: $13.47▼$15.9852-Week Range$7.51Now: $15.75▼$25.22Volume130,959 shsAverage Volume1.48 million shsMarket Capitalization$1.80 billionP/E Ratio22.18Dividend YieldN/ABeta1.74 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 9 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.96, Summit Materials has a potential upside of 20.4% from its current price of $15.75.Amount of Analyst CoverageSummit Materials has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.6 Community Rank Outperform VotesSummit Materials has received 373 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSummit Materials has received 336 “underperform” votes. (Add your “underperform” vote.)Community SentimentSummit Materials has received 52.61% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldSummit Materials does not currently pay a dividend.Dividend GrowthSummit Materials does not have a long track record of dividend growth. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Materials insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.54% of the stock of Summit Materials is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Materials are expected to grow by 52.63% in the coming year, from $0.38 to $0.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 22.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.95.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 22.18, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 36.88.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.67 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Mining & quarrying of nonmetallic minerals, except fuels Sub-IndustryN/A SectorConstruction Current SymbolNYSE:SUM Previous Symbol CUSIPN/A CIK1621563 Webwww.summit-materials.com Phone303-893-0012Debt Debt-to-Equity Ratio1.34 Current Ratio2.41 Quick Ratio1.60Price-To-Earnings Trailing P/E Ratio22.18 Forward P/E Ratio41.45 P/E GrowthN/A Sales & Book Value Annual Sales$2.22 billion Price / Sales0.81 Cash Flow$3.31 per share Price / Cash Flow4.76 Book Value$12.75 per share Price / Book1.24Profitability EPS (Most Recent Fiscal Year)$0.94 Net Income$61.12 million Net Margins3.67% Return on Equity7.89% Return on Assets2.73%Miscellaneous Employees6,000 Outstanding Shares114,110,000Market Cap$1.80 billion Next Earnings Date8/6/2020 (Estimated) OptionableOptionable SUM Rates by TradingView Receive SUM News and Ratings via Email Sign-up to receive the latest news and ratings for SUM and its competitors with MarketBeat's FREE daily newsletter. Summit Materials (NYSE:SUM) Frequently Asked Questions How has Summit Materials' stock been impacted by COVID-19 (Coronavirus)? Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SUM shares have increased by 11.3% and is now trading at $15.75. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Summit Materials? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Summit Materials. When is Summit Materials' next earnings date? Summit Materials is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Summit Materials. How were Summit Materials' earnings last quarter? Summit Materials Inc (NYSE:SUM) issued its quarterly earnings results on Wednesday, April, 29th. The construction company reported ($0.48) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.48). The construction company earned $342.40 million during the quarter, compared to analysts' expectations of $321.47 million. Summit Materials had a net margin of 3.67% and a return on equity of 7.89%. The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) EPS. View Summit Materials' earnings history. What price target have analysts set for SUM? 16 Wall Street analysts have issued twelve-month target prices for Summit Materials' shares. Their forecasts range from $12.50 to $28.00. On average, they anticipate Summit Materials' share price to reach $18.96 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price. View analysts' price targets for Summit Materials. Has Summit Materials been receiving favorable news coverage? News coverage about SUM stock has trended extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Summit Materials earned a news impact score of -5.0 on InfoTrie's scale. They also gave news stories about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutSummit Materials. Who are some of Summit Materials' key competitors? Some companies that are related to Summit Materials include Teck Resources (TECK), Mdu Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), LYNAS CORP LTD/S (LYSDY), United States Lime & Minerals (USLM), GalianoGoldInc . (GAU), Ciner Resources (CINR), U.S. Silica (SLCA), Intrepid Potash (IPI), Piedmont Lithium (PLL), Smart Sand (SND), ZEN Graphene Solutions (ZENYF), Hi-Crush (HCR) and Cambrian Minerals Group (SMPR). View all 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), Altria Group (MO), Netflix (NFLX), General Electric (GE), Southern (SO), WNS (WNS), AbbVie (ABBV), Intel (INTC), Pfizer (PFE) and Starbucks (SBUX). Who are Summit Materials' key executives? Summit Materials' management team includes the following 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 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.66%), Janus Henderson Group PLC (6.16%), Principal Financial Group Inc. (5.02%), Jennison Associates LLC (3.88%), Invesco Ltd. (2.90%) and Eagle Asset Management Inc. (2.81%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, Karl Watson, Mikel Shane Evans, 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 Jane Street Group LLC, Nuveen Asset Management LLC, Janus Henderson Group PLC, Two Sigma Investments LP, Morgan Stanley, BlackRock Inc., New York State Common Retirement Fund, and Penn Capital Management Co. Inc.. 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 activity 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 Victory Capital Management Inc., Victory Capital Management Inc., Invesco Ltd., Massachusetts Financial Services Co. MA, Lodge Hill Capital LLC, Principal Financial Group Inc., Kornitzer Capital Management Inc. KS, and Paradigm Capital Management Inc. NY. 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 activity 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 $15.75. How big of a company is Summit Materials? Summit Materials has a market capitalization of $1.80 billion and generates $2.22 billion in revenue each year. The construction company earns $61.12 million in net income (profit) each year or $0.94 on an earnings per share basis. 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. 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 5/26/2020 by MarketBeat.com Staff
