Summit Materials - SUM Stock Forecast, Price & News

12 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" SUM shares.
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12 brokers have issued 1 year target prices for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $45.00. On average, they anticipate the company's stock price to reach $34.36 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
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Summit Materials' stock was trading at $28.39 on January 1st, 2023. Since then, SUM shares have decreased by 0.9% and is now trading at $28.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SUM earnings forecast.

Summit Materials, Inc. (NYSE:SUM) posted its quarterly earnings results on Wednesday, February, 15th. The construction company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The construction company earned $511.66 million during the quarter, compared to analysts' expectations of $555.20 million. Summit Materials had a trailing twelve-month return on equity of 7.58% and a net margin of 11.28%.

Summit Materials announced a -- dividend on Wednesday, December 14th. Investors of record on Thursday, December 15th will be given a dividend of $1.70 per share on Thursday, December 29th. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for SUM.

ETFs with the largest weight of Summit Materials (NYSE:SUM) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Invesco DWA Basic Materials Momentum ETF (PYZ), SRH U.S. Quality ETF (SRHQ), Nuveen Small Cap Select ETF (NSCS), Thrivent Small-Mid Cap ESG ETF (TSME), Fidelity Women's Leadership ETF (FDWM), iShares U.S. Infrastructure ETF (IFRA) and First Trust Small Cap Value AlphaDEX Fund (FYT).

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Intel (INTC), Pfizer (PFE), Block (SQ), Raytheon Technologies (RTX), Western Digital (WDC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T) and UnitedHealth Group (UNH).

(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.

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

Summit Materials' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.63%), Dimensional Fund Advisors LP (5.07%), Principal Financial Group Inc. (4.69%), Macquarie Group Ltd. (4.35%), Victory Capital Management Inc. (2.88%) and Victory Capital Management Inc. (2.88%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, Anne P Noonan, Howard L Lance, John Raymond Murphy and Joseph S Cantie.
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Shares of SUM stock 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.
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One share of SUM stock can currently be purchased for approximately $28.14.

Summit Materials (NYSE:SUM) has a market capitalization of $3.33 billion and generates $2.41 billion in revenue each year. The construction company earns $275.94 million in net income (profit) each year or $2.2559 on an earnings per share basis.

The company employs 4,800 workers across the globe.

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The official website for the company is www.summit-materials.com. The construction company can be reached via phone at (303) 893-0012, via email at brian.harris@summit-materials.com, or via fax at 303-893-6993.