Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. Its products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products. The company also provides paving and related services to private and public infrastructure sectors. In addition, it operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. The company operates in the United States, British Columbia, and Canada. Summit Materials, Inc. was founded in 2009 and is headquartered in Denver, Colorado.
Industry, Sector and Symbol
Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorConstruction
SymbolNYSE:SUM
CUSIPN/A
Phone303-893-0012
Debt
Debt-to-Equity Ratio1.46
Current Ratio2.17
Quick Ratio1.37
Price-To-Earnings
Trailing P/E Ratio28.87
Forward P/E Ratio16.91
P/E Growth1.67
Sales & Book Value
Annual Sales$1.93 billion
Price / Sales1.54
Cash Flow$2.5658 per share
Price / Cash10.41
Book Value$11.52 per share
Price / Book2.32
Profitability
EPS (Most Recent Fiscal Year)$0.93
Net Income$125.80 million
Net Margins6.03%
Return on Equity10.20%
Return on Assets3.31%
Miscellaneous
Employees6,000
Outstanding Shares111,490,000
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) posted its quarterly earnings results on Tuesday, May, 8th. The construction company reported ($0.55) EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.04. The construction company earned $289.92 million during the quarter, compared to analysts' expectations of $297.51 million. Summit Materials had a return on equity of 10.20% and a net margin of 6.03%. Summit Materials's revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.49) EPS. View Summit Materials' Earnings History.
When is Summit Materials' next earnings date?
What price target have analysts set for SUM?
10 Wall Street analysts have issued 1-year price targets for Summit Materials' shares. Their forecasts range from $12.50 to $39.00. On average, they expect Summit Materials' share price to reach $33.1667 in the next twelve months. View Analyst Ratings for Summit Materials.
Who are some of Summit Materials' key competitors?
Some companies that are related to Summit Materials include MDU Resources Group (MDU), Compass Minerals International (CMP), U.S. Silica (SLCA), Hecla Mining (HL), Fairmount Santrol (FMSA), Hi-Crush Partners (HCLP), Intrepid Potash (IPI), Ciner Resources (CINR), United States Lime & Minerals (USLM), Smart Sand (SND), Emerge Energy Services (EMES), Canada Jetlines (JETMF), Applied Minerals (AMNL), Zenyatta Ventures (ZENYF) and Cambrian Minerals Group (SMPR).
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 62)
- Mr. Brian J. Harris, Exec. VP, CFO & Principal Accounting Officer (Age 62)
- Mr. Michael J. Brady, Exec. VP & Chief Bus. Devel. Officer (Age 50)
- Mr. Karl H. Watson Jr., Exec. VP & COO (Age 53)
- Mr. Noel R. Ryan III, VP of Investor Relations
When did Summit Materials IPO?
(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.
Has Summit Materials been receiving favorable news coverage?
Media headlines about SUM stock have trended somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Materials earned a media sentiment score of 0.11 on Accern's scale. They also assigned headlines about the construction company an impact score of 48.19 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Summit Materials' major shareholders?
Summit Materials' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.30%), Bamco Inc. NY (2.88%), Westfield Capital Management Co. LP (2.68%), Victory Capital Management Inc. (1.83%), Westwood Holdings Group Inc. (1.78%) and OppenheimerFunds Inc. (1.60%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, Damian John Murphy, Douglas Charles Rauh, Holdings LP Blackstone II, Howard L Lance, John Raymond Murphy, Michael John Brady, 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 Levin Capital Strategies L.P., Russell Investments Group Ltd., Point72 Asset Management L.P., Interval Partners LP, Westfield Capital Management Co. LP, Scopus Asset Management L.P., Banbury Partners LLC and Three Peaks Capital Management LLC. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Damian John Murphy, Douglas Charles Rauh, John Raymond Murphy, Ted A Gardner, Thomas A Beck and Thomas W Hill. View Insider Buying and Selling for Summit Materials.
Which major investors are buying Summit Materials stock?
SUM stock was acquired by a variety of institutional investors in the last quarter, including Clearfield Capital Management LP, Victory Capital Management Inc., Millennium Management LLC, Westwood Holdings Group Inc., Royal Bank of Canada, Dimensional Fund Advisors LP, Bamco Inc. NY and Rudman Errol M. 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, Scottrade, Fidelity and Charles Schwab.
What is Summit Materials' stock price today?
One share of SUM stock can currently be purchased for approximately $26.71.
How big of a company is Summit Materials?
Summit Materials has a market capitalization of $3.09 billion and generates $1.93 billion in revenue each year. The construction company earns $125.80 million in net income (profit) each year or $0.93 on an earnings per share basis. Summit Materials employs 6,000 workers across the globe.
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 (SUM)
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.
