NYSE:SUMSummit Materials Stock Price, Forecast & News

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SUM stock has increased by 10.9% and is now trading at $15.69. View which stocks have been most impacted by Coronavirus.

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.

Summit Materials is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Summit Materials.

Summit Materials Inc (NYSE:SUM) posted its quarterly earnings data on Wednesday, April, 29th. The construction company reported ($0.48) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.48). The construction company earned $342.40 million during the quarter, compared to the consensus estimate of $321.47 million. Summit Materials had a return on equity of 7.89% and a net margin of 3.67%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.49) EPS. View Summit Materials' earnings history.

16 Wall Street analysts have issued 12 month price targets for Summit Materials' shares. Their forecasts range from $12.50 to $28.00. On average, they expect Summit Materials' stock price to reach $18.96 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price. View analysts' price targets for Summit Materials.

Headlines about SUM stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Materials earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned news stories about the construction company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutSummit Materials.

Some companies that are related to Summit Materials include Sociedad Quimica y Minera de Chile (SQM), 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) and Hi-Crush (HCR). View all competitors.

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).

(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.

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

Summit Materials' stock is owned by many different institutional and retail investors. Top institutional shareholders 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.

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.

SUM stock was bought 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.

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.

One share of SUM stock can currently be purchased for approximately $15.69.

Summit Materials has a market capitalization of $1.79 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.

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

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]