Summit Materials - SUM Stock Forecast, Price & News

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.
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7 brokerages have issued 12-month price targets for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $40.00. On average, they anticipate the company's share price to reach $32.29 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
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Summit Materials' stock was trading at $40.14 at the start of the year. Since then, SUM stock has decreased by 20.7% and is now trading at $31.85.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Summit Materials, Inc. (NYSE:SUM) posted its quarterly earnings results on Wednesday, November, 3rd. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.04. The construction company had revenue of $662.26 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.55 EPS.

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 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 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 variety of retail and institutional investors. Top institutional shareholders include FMR LLC (7.76%), Principal Financial Group Inc. (5.96%), Franklin Resources Inc. (3.37%), Jennison Associates LLC (2.06%), Eagle Asset Management Inc. (1.85%) and Victory Capital Management Inc. (1.55%). 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.
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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 $31.85.

Summit Materials (NYSE:SUM) has a market capitalization of $3.77 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.

The company employs 5,500 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.