Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. Its products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products. The company also provides paving and related services to private and public infrastructure sectors. In addition, it operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. The company operates in the United States, British Columbia, and Canada. Summit Materials, Inc. was founded in 2009 and is headquartered in Denver, Colorado.
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
Phone303-893-0012
Debt
Debt-to-Equity Ratio1.33
Current Ratio2.30
Quick Ratio1.50
Price-To-Earnings
Trailing P/E Ratio13.43
Forward P/E Ratio32.87
P/E Growth3.11
Sales & Book Value
Annual Sales$1.93 billion
Price / Sales0.72
Cash Flow$2.6688 per share
Price / Cash Flow4.68
Book Value$11.52 per share
Price / Book1.08
Profitability
EPS (Most Recent Fiscal Year)$0.93
Net Income$125.80 million
Net Margins4.64%
Return on Equity6.74%
Return on Assets2.27%
Miscellaneous
Employees6,000
Outstanding Shares111,660,000
Market Cap$1.39 billion
OptionableOptionable
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 quarterly earnings results on Tuesday, November, 6th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.21. The construction company had revenue of $625 million for the quarter, compared to analysts' expectations of $638.93 million. Summit Materials had a net margin of 4.64% and a return on equity of 6.74%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. View Summit Materials' Earnings History.
When is Summit Materials' next earnings date?
What price target have analysts set for SUM?
10 brokers have issued 12 month target prices for Summit Materials' stock. Their forecasts range from $18.00 to $38.00. On average, they anticipate Summit Materials' stock price to reach $26.00 in the next year. This suggests a possible upside of 108.2% from the stock's current price. View Analyst Price Targets for Summit Materials.
What is the consensus analysts' recommendation for Summit Materials?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 hold rating and 9 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?
Press coverage about SUM stock has been trending negative on Tuesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Materials earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Are investors shorting Summit Materials?
Summit Materials saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 18,016,593 shares, an increase of 21.7% from the October 31st total of 14,805,659 shares. Based on an average daily trading volume, of 5,157,051 shares, the days-to-cover ratio is currently 3.5 days. Approximately 16.2% of the shares of the stock are short sold. View Summit Materials' Current Options Chain.
Who are some of Summit Materials' key competitors?
Some companies that are related to Summit Materials include MDU Resources Group (MDU), Compass Minerals International (CMP), Hecla Mining (HL), U.S. Silica (SLCA), LYNAS CORP LTD/S (LYSDY), Ciner Resources (CINR), Hi-Crush Partners (HCLP), United States Lime & Minerals (USLM), Intrepid Potash (IPI), Smart Sand (SND), Emerge Energy Services (EMES), PIEDMONT LITHIU/S (PLLL), Pall (PLL), Canada Jetlines (JETMF) and Zenyatta Ventures (ZENYF).
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 62)
- Mr. Brian J. Harris, Exec. VP & CFO (Age 62)
- Mr. Michael J. Brady, Exec. VP & Chief Bus. Devel. Officer (Age 50)
- Mr. M. Shane Evans, Exec. VP & Pres of West Division (Age 47)
- Mr. Karl H. Watson Jr., Exec. VP & COO (Age 53)
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 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 many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.98%), Vanguard Group Inc (8.98%), Janus Henderson Group PLC (7.72%), BlackRock Inc. (6.89%), Jennison Associates LLC (5.25%) and Putnam Investments LLC (3.18%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, Damian John Murphy, Douglas Charles Rauh, 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 FMR LLC, Morgan Stanley, Putnam Investments LLC, Russell Investments Group Ltd., Teachers Advisors LLC, Bamco Inc. NY, TIAA CREF Investment Management LLC and Broadview Advisors LLC. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, John Raymond Murphy, Ted A Gardner and Thomas W Hill. View Insider Buying and Selling for Summit Materials.
Which major investors are buying Summit Materials stock?
SUM stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Luminus Management LLC, State of New Jersey Common Pension Fund D, Ashler Capital LLC, Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., JPMorgan Chase & Co. and Lapides Asset Management LLC. Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, Karl Watson and Thomas A Beck. 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, Scottrade, Fidelity and Charles Schwab.
What is Summit Materials' stock price today?
One share of SUM stock can currently be purchased for approximately $12.49.
How big of a company is Summit Materials?
Summit Materials has a market capitalization of $1.39 billion and generates $1.93 billion in revenue each year. The construction company earns $125.80 million in net income (profit) each year or $0.93 on an earnings per share basis. Summit Materials employs 6,000 workers across the globe.
What is Summit Materials' official website?
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)
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.
