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NYSE:SUM - Summit Materials Stock Price, Forecast & News

$22.77
-0.77 (-3.27 %)
(As of 02/23/2020 04:00 PM ET)
Today's Range
$22.61
Now: $22.77
$23.54
50-Day Range
$21.97
MA: $23.44
$24.59
52-Week Range
$13.42
Now: $22.77
$25.22
Volume588,421 shs
Average Volume776,093 shs
Market Capitalization$2.58 billion
P/E Ratio46.47
Dividend YieldN/A
Beta2.15
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. Read More…

Industry, Sector and Symbol

Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
Phone303-893-0012

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.22 billion
Cash Flow$2.83 per share
Book Value$12.75 per share

Profitability

Net Income$61.12 million

Miscellaneous

Employees6,000
Market Cap$2.58 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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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) issued its quarterly earnings results on Wednesday, February, 5th. The construction company reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.50. The construction company had revenue of $556.50 million for the quarter, compared to analyst estimates of $488.40 million. Summit Materials had a net margin of 2.69% and a return on equity of 8.01%. Summit Materials's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted ($0.16) EPS. View Summit Materials' Earnings History.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for Summit Materials.

What price target have analysts set for SUM?

14 brokerages have issued twelve-month target prices for Summit Materials' shares. Their forecasts range from $18.00 to $32.00. On average, they anticipate Summit Materials' stock price to reach $26.27 in the next year. This suggests a possible upside of 15.4% from the stock's current price. View Analyst Price Targets for Summit Materials.

What is the consensus analysts' recommendation for Summit Materials?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 3 hold ratings and 10 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?

News headlines about SUM stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Materials earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the construction company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Summit Materials.

Who are some of Summit Materials' key 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), WNS (WNS), Netflix (NFLX), Altria Group (MO), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), General Electric (GE), Starbucks (SBUX), Walgreens Boots Alliance (WBA) and Bank of America (BAC).

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 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.

Who are Summit Materials' major shareholders?

Summit Materials' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (7.13%), FMR LLC (6.42%), Principal Financial Group Inc. (4.88%), Jennison Associates LLC (3.86%), Eagle Asset Management Inc. (2.86%) and Victory Capital Management Inc. (2.25%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, 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 Janus Henderson Group PLC, Jennison Associates LLC, Bank of New York Mellon Corp, Weitz Investment Management Inc., Penn Capital Management Co. Inc., Bamco Inc. NY, Red Cedar Management LP and New York State Common Retirement Fund. 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 for Summit Materials.

Which major investors are buying Summit Materials stock?

SUM stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Valueworks LLC, Scopus Asset Management L.P., Victory Capital Management Inc., Principal Financial Group Inc., Renaissance Technologies LLC, Columbus Circle Investors and Monarch Partners Asset Management LLC. 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 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 $22.77.

How big of a company is Summit Materials?

Summit Materials has a market capitalization of $2.58 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.View Additional Information About Summit Materials.

What is Summit Materials' official website?

The official website for Summit Materials is http://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]


MarketBeat Community Rating for Summit Materials (NYSE SUM)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  359 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  682
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.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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