NYSE:SUMSummit Materials Stock Price, Forecast & News

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SUM shares have increased by 15.3% and is now trading at $16.32.
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16 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, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Summit Materials.

Summit Materials Inc (NYSE:SUM) released its quarterly earnings results on Tuesday, July, 21st. The construction company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.25. The construction company had revenue of $575.24 million for the quarter, compared to analyst estimates of $549.90 million. Summit Materials had a return on equity of 9.31% and a net margin of 4.53%.
View Summit Materials' earnings history.

16 brokers have issued 1 year target prices for Summit Materials' stock. Their forecasts range from $14.00 to $28.00. On average, they expect Summit Materials' stock price to reach $20.29 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price.
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News headlines about SUM stock have trended positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Materials earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned media headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Summit Materials.

Some companies that are related to Summit Materials include 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), U.S. Silica (SLCA), Ciner Resources (CINR), Intrepid Potash (IPI), Smart Sand (SND), Piedmont Lithium (PLL), ZEN Graphene Solutions (ZENYF), Canada Jetlines (JETMF) and Cambrian Minerals Group (SMPR).
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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 Principal Financial Group Inc. (5.18%), Jennison Associates LLC (3.29%), Paradigm Capital Management Inc. NY (0.87%), Kornitzer Capital Management Inc. KS (0.41%), Lapides Asset Management LLC (0.33%) and Swiss National Bank (0.22%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, 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 Jennison Associates LLC, UBS Group AG, RMB Capital Management LLC, Lapides Asset Management LLC, SG Americas Securities LLC, Raymond James Financial Services Advisors Inc., Russell Investments Group Ltd., and Intact Investment Management 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 acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Paradigm Capital Management Inc. NY, Monarch Partners Asset Management LLC, Kornitzer Capital Management Inc. KS, Swiss National Bank, First Trust Advisors LP, ProShare Advisors LLC, and Strs Ohio. Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, 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 $16.32.

Summit Materials has a market capitalization of $1.86 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]