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NYSE:SUM

Summit Materials - SUM Stock Forecast, Price & News

$31.00
-0.29 (-0.93%)
(As of 08/19/2022 01:39 PM ET)
Add
Compare
Today's Range
$30.97
$31.40
50-Day Range
$22.61
$31.94
52-Week Range
$21.99
$41.46
Volume
21,674 shs
Average Volume
536,220 shs
Market Capitalization
$3.67 billion
P/E Ratio
13.48
Dividend Yield
N/A
Price Target
$32.29

Summit Materials MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
3.6% Upside
$32.29 Price Target
Short Interest
Healthy
4.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.37mentions of Summit Materials in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.41%
From $1.35 to $1.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Construction Sector

90th out of 105 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

14th out of 16 stocks

SUM stock logo

About Summit Materials (NYSE:SUM) Stock

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.

Summit Materials Trading Down 0.2 %

SUM opened at $31.29 on Friday. The stock has a market cap of $3.70 billion, a PE ratio of 13.60 and a beta of 1.37. The company has a quick ratio of 2.54, a current ratio of 3.17 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $26.02 and a 200-day moving average of $28.61. Summit Materials has a 52 week low of $21.99 and a 52 week high of $41.46.

Wall Street Analysts Forecast Growth

SUM has been the topic of several recent research reports. Wolfe Research reduced their price target on Summit Materials from $41.00 to $28.00 and set an "outperform" rating on the stock in a research report on Thursday, July 14th. Citigroup raised their price target on Summit Materials to $35.00 in a research report on Monday. StockNews.com upgraded Summit Materials from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. The Goldman Sachs Group dropped their price objective on Summit Materials from $34.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, June 23rd. Finally, Royal Bank of Canada upgraded Summit Materials from a "sector perform" rating to an "outperform" rating and dropped their price objective for the stock from $33.00 to $31.00 in a report on Wednesday, June 22nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.29.

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SUM Stock News Headlines

Summit Materials (NYSE:SUM) PT Raised to $35.00
Summit Materials (NYSE:SUM) Rating Increased to B at TheStreet
Summit Materials (NYSE:SUM) PT Raised to $33.00 at DA Davidson
6 Analysts Have This to Say About Summit Materials
Summit Materials (NYSE:SUM) Upgraded by StockNews.com to "Hold"
Earnings Outlook For Summit Materials
What factors will move the Summit Materials share price?
See More Headlines
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SUM Company Calendar

Last Earnings
11/03/2021
Today
8/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$32.29
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+4.1%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$154.28 million
Pretax Margin
14.80%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.07 per share
Book Value
$16.41 per share

Miscellaneous

Free Float
116,289,000
Market Cap
$3.67 billion
Optionable
Optionable
Beta
1.37

Key Executives

  • Ms. Anne P. NoonanMs. Anne P. Noonan (Age 59)
    Pres, CEO & Director
    Comp: $2.39M
  • Mr. Brian J. Harris (Age 66)
    Exec. VP & CFO
    Comp: $1.12M
  • Mr. Christopher Burke Gaskill (Age 40)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $774.23k
  • Ms. Deon MacMillan (Age 48)
    Exec. VP, Chief People Officer & Head of Corp. Communications
    Comp: $891.24k
  • Mr. Thomas W. Hill B.A.Mr. Thomas W. Hill B.A. (Age 66)
    MBA, Founder & Consultant
  • Andy Larkin
    VP, Investor Relations
  • Trent Musso
    Sr. VP of Corp. Devel.
  • Mr. Thomas A. Beck (Age 65)
    Exec. VP of Summit Materials
  • Mr. David Loomes
    Sr. VP
  • Mr. Kekin Ghelani
    Chief Strategy & Growth Officer













SUM Stock - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SUM shares. 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 SUM analyst ratings
or view top-rated stocks.

What is Summit Materials' stock price forecast for 2022?

7 Wall Street research analysts have issued 12-month price objectives for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $40.00. On average, they expect the company's stock price to reach $32.29 in the next year. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for SUM
or view top-rated stocks among Wall Street analysts.

How have SUM shares performed in 2022?

Summit Materials' stock was trading at $40.14 at the beginning of 2022. Since then, SUM stock has decreased by 22.0% and is now trading at $31.29.
View the best growth stocks for 2022 here
.

When is Summit Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SUM earnings forecast
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) issued its quarterly earnings data on Wednesday, November, 3rd. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The construction company had revenue of $662.26 million for the quarter, compared to analysts' expectations of $686.90 million. Summit Materials had a net margin of 11.31% and a trailing twelve-month return on equity of 7.54%. During the same period in the previous year, the company posted $0.55 earnings per share.

What is Thomas Hill's approval rating as Summit Materials' CEO?

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.

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), 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).

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 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.

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 institutional and retail investors. Top institutional investors include FMR LLC (7.76%), Price T Rowe Associates Inc. MD (7.59%), Principal Financial Group Inc. (5.96%), Macquarie Group Ltd. (3.87%), Franklin Resources Inc. (3.37%) and Jennison Associates LLC (2.06%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, Anne P Noonan, Brian James Harris, Howard L Lance, John Raymond Murphy, Joseph S Cantie and Mikel Shane Evans.
View institutional ownership trends
.

How do I buy shares of Summit Materials?

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.
Compare Top Brokerages Here.

What is Summit Materials' stock price today?

One share of SUM stock can currently be purchased for approximately $31.29.

How much money does Summit Materials make?

Summit Materials (NYSE:SUM) has a market capitalization of $3.70 billion and generates $2.41 billion in revenue each year. The construction company earns $154.28 million in net income (profit) each year or $2.30 on an earnings per share basis.

How many employees does Summit Materials have?

The company employs 5,500 workers across the globe.

How can I contact Summit Materials?

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.

This page (NYSE:SUM) was last updated on 8/19/2022 by MarketBeat.com Staff

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