NYSE:SUM Summit Materials - SUM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Summit Materials, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $27.76 +0.21 (+0.76%) (As of 03/28/2023 10:51 AM ET) Add Compare Share Share Today's Range$27.28▼$27.9250-Day Range$26.61▼$34.2552-Week Range$21.99▼$34.40Volume61,344 shsAverage Volume668,131 shsMarket Capitalization$3.29 billionP/E Ratio12.31Dividend YieldN/APrice Target$34.36 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Materials MarketRank™ ForecastAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside24.7% Upside$34.36 Price TargetShort InterestBearish4.93% of Shares Sold ShortDividend StrengthN/ASustainability-7.04Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth17.73%From $1.41 to $1.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsConstruction Sector79th out of 106 stocksMining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry11th out of 15 stocks 3.3 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.36, Summit Materials has a forecasted upside of 24.7% from its current price of $27.55.Amount of Analyst CoverageSummit Materials has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.93% of the outstanding shares of Summit Materials have been sold short.Short Interest Ratio / Days to CoverSummit Materials has a short interest ratio ("days to cover") of 8.7.Change versus previous monthShort interest in Summit Materials has recently increased by 0.17%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldSummit Materials does not currently pay a dividend.Dividend GrowthSummit Materials does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit Materials has received a -119.30% net impact score from Upright. The largest negative impact of Summit Materials in category "GHG emissions" seems to be driven mostly by its "Construction sand", "Crushed stone", and "Concrete" products. See details.Environmental SustainabilityThe Environmental Impact score for Summit Materials is -7.04. Previous Next 1.2 News and Social Media Coverage News SentimentSummit Materials has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 1 news article for Summit Materials this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 2 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Materials insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.81% of the stock of Summit Materials is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Summit Materials are expected to grow by 17.73% in the coming year, from $1.41 to $1.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 12.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 12.21, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 12.08.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Materials (NYSE:SUM) StockSummit Materials, Inc. is a construction materials company. It manufactures construction materials and related downstream products. The firm operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana. The West segment includes operations in Texas, Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada. The East segments serves markets extending across the Midwestern and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky, North Carolina, South Carolina and Nebraska where the company supplies aggregates, ready mix concrete, asphalt paving mix and paving and related services. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.Read More Receive SUM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Materials and its competitors with MarketBeat's FREE daily newsletter. Email Address SUM Stock News HeadlinesMarch 23, 2023 | finance.yahoo.comSummit and Continental Cement Invests in North America's Largest Cement Storage Dome in Davenport, IowaMarch 15, 2023 | finance.yahoo.comReturns On Capital At Summit Materials (NYSE:SUM) Have Hit The BrakesMarch 28, 2023 | Press Research (Ad)Lithium Could Be 2023's Next Big SurpriseLithium is the hottest commodity for our green futureMarch 14, 2023 | finance.yahoo.comSummit Materials Continental Cement Company Announces Ribbon Cutting Event for its New Cement Storage FacilityMarch 2, 2023 | finance.yahoo.comSummit Materials Continental Cement Company Successfully Concludes Negotiations of New Collective Bargaining Agreement with Union Employees at its Hannibal PlantMarch 1, 2023 | msn.comSummit Materials names Scott Anderson EVP and CFOMarch 1, 2023 | finance.yahoo.comSummit Materials Announces Scott Anderson as New Chief Financial OfficerFebruary 21, 2023 | markets.businessinsider.comAnalysts Are Bullish on These Materials Stocks: Summit Materials (SUM), Corteva (CTVA)March 28, 2023 | Press Research (Ad)Lithium Could Be 2023's Next Big SurpriseLithium is the hottest commodity for our green futureFebruary 19, 2023 | benzinga.comStephens & Co. Reiterates Overweight on Summit Materials, Maintains $37 Price TargetFebruary 18, 2023 | seekingalpha.comSummit Materials, Inc. (SUM) Q4 2022 Earnings Call TranscriptFebruary 17, 2023 | finance.yahoo.comSummit Materials Full Year 2022 Earnings: Misses ExpectationsFebruary 16, 2023 | finance.yahoo.comSummit Materials (SUM) Q4 Earnings Top EstimatesFebruary 15, 2023 | finance.yahoo.comSummit Materials, Inc. Reports Fourth Quarter and Full Year 2022 ResultsFebruary 12, 2023 | finance.yahoo.comDo Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?February 10, 2023 | benzinga.comSummit Materials Stock (NYSE:SUM), Analyst Ratings, Price Targets, PredictionsFebruary 10, 2023 | msn.comNext Summit Free Market Set for Feb. 11February 8, 2023 | benzinga.comChiplet Summit Has Successful DebutFebruary 2, 2023 | finance.yahoo.comSummit Materials Announces Fourth Quarter and Full Year 2022 Results Conference Call DateJanuary 26, 2023 | msn.comBazaar Circumstance: Summit Free Market Open for Additional Day, Jan. 27January 17, 2023 | markets.businessinsider.comStifel Nicolaus Keeps Their Buy Rating on Summit Materials (SUM)January 16, 2023 | foxnews.comFrance to push ‘Made in Europe’ strategy at European Union summitJanuary 16, 2023 | reuters.comFrance to push for 'Made in Europe' strategy at Feb EU summitJanuary 13, 2023 | seekingalpha.comSummit Materials rated Buy in new coverage at Truist SecuritiesJanuary 12, 2023 | technews.tmcnet.comChiplet Summit Promotes Higher Design Productivity at Leading-Edge NodesJanuary 10, 2023 | msn.comBiden and his White House legal team don’t know what’s in classified documents found in his private office, sources sayJanuary 8, 2023 | finance.yahoo.comIs There Now An Opportunity In Summit Materials, Inc. (NYSE:SUM)?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SUM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Materials and its competitors with MarketBeat's FREE daily newsletter. Email Address SUM Company Calendar Ex-Dividend for 12/29 Dividend12/14/2022Dividend Payable12/29/2022Last Earnings2/15/2023Today3/28/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Mining & quarrying of nonmetallic minerals, except fuels Sub-IndustryN/A SectorConstruction Current SymbolNYSE:SUM CUSIPN/A CIK1621563 Webwww.summit-materials.com Phone(303) 893-0012Fax303-893-6993Employees4,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$34.36 High Stock Price Forecast$45.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+24.7%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$2.2559 Trailing P/E Ratio12.21 Forward P/E Ratio19.54 P/E GrowthN/ANet Income$275.94 million Net Margins11.28% Pretax Margin14.98% Return on Equity7.58% Return on Assets3.42% Debt Debt-to-Equity Ratio0.74 Current Ratio3.98 Quick Ratio3.15 Sales & Book Value Annual Sales$2.41 billion Price / Sales1.35 Cash Flow$3.14 per share Price / Cash Flow8.78 Book Value$16.99 per share Price / Book1.62Miscellaneous Outstanding Shares118,430,000Free Float116,415,000Market Cap$3.26 billion OptionableOptionable Beta1.43 Key ExecutivesAnne P. NoonanPresident, Chief Executive Officer & DirectorScott AndersonChief Financial Officer & Executive Vice PresidentThomas A. BeckExecutive Vice PresidentAbney S. BoxleyExecutive Vice PresidentKarli Schumaker AndersonExecutive VP, Chief People & ESG OfficerKey CompetitorsUnited States Lime & MineralsNASDAQ:USLMArmstrong World IndustriesNYSE:AWIAZEKNYSE:AZEKKB HomeNYSE:KBHInstalled Building ProductsNYSE:IBPView All CompetitorsInstitutional OwnershipVictory Capital Management Inc.Bought 1,954,722 shares on 3/10/2023Ownership: 2.882%OLD Mission Capital LLCBought 866 shares on 3/6/2023Ownership: 0.001%Voya Investment Management LLCBought 268,520 shares on 2/28/2023Ownership: 0.499%Parallax Volatility Advisers L.P.Bought 99,800 shares on 2/27/2023Ownership: 0.000%NatixisSold 814 shares on 2/24/2023Ownership: 0.007%View All Institutional Transactions SUM Stock - Frequently Asked Questions Should I buy or sell Summit Materials stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SUM shares. View SUM analyst ratings or view top-rated stocks. What is Summit Materials' stock price forecast for 2023? 12 equities research analysts have issued 1 year price targets for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $45.00. On average, they anticipate the company's stock price to reach $34.36 in the next year. This suggests a possible upside of 24.7% 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 2023? Summit Materials' stock was trading at $28.39 on January 1st, 2023. Since then, SUM shares have decreased by 3.0% and is now trading at $27.55. View the best growth stocks for 2023 here. When is Summit Materials' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our SUM earnings forecast. How were Summit Materials' earnings last quarter? Summit Materials, Inc. (NYSE:SUM) issued its earnings results on Wednesday, February, 15th. The construction company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The construction company earned $511.66 million during the quarter, compared to analysts' expectations of $555.20 million. Summit Materials had a net margin of 11.28% and a trailing twelve-month return on equity of 7.58%. How often does Summit Materials pay dividends? What is the dividend yield for Summit Materials? Summit Materials announced a -- dividend on Wednesday, December 14th. Investors of record on Thursday, December 15th will be given a dividend of $1.70 per share on Thursday, December 29th. The ex-dividend date of this dividend is Wednesday, December 14th. Read our dividend analysis for SUM. What ETFs hold Summit Materials' stock? ETFs with the largest weight of Summit Materials (NYSE:SUM) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Invesco DWA Basic Materials Momentum ETF (PYZ), SRH U.S. Quality ETF (SRHQ), Nuveen Small Cap Select ETF (NSCS), Thrivent Small-Mid Cap ESG ETF (TSME), Fidelity Women's Leadership ETF (FDWM), iShares U.S. Infrastructure ETF (IFRA) and First Trust Small Cap Value AlphaDEX Fund (FYT). 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 $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 many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.63%), Dimensional Fund Advisors LP (5.07%), Principal Financial Group Inc. (4.69%), Macquarie Group Ltd. (4.35%), Victory Capital Management Inc. (2.88%) and Victory Capital Management Inc. (2.88%). Insiders that own company stock include Anne K Wade, Anne Lee Benedict, Anne P Noonan, Howard L Lance, John Raymond Murphy and Joseph S Cantie. 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 $27.55. How much money does Summit Materials make? Summit Materials (NYSE:SUM) has a market capitalization of $3.26 billion and generates $2.41 billion in revenue each year. The construction company earns $275.94 million in net income (profit) each year or $2.2559 on an earnings per share basis. How many employees does Summit Materials have? The company employs 4,800 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. 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