Summit Materials Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Summit Materials stock.
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Wall Street analysts have given Summit Materials a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Summit Materials wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Summit Materials is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for Summit Materials.

Summit Materials, Inc. (NYSE:SUM) posted its earnings results on Monday, May, 10th. The construction company reported ($0.33) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.53) by $0.20. The construction company had revenue of $398.50 million for the quarter, compared to analyst estimates of $353.77 million. Summit Materials had a trailing twelve-month return on equity of 7.20% and a net margin of 6.70%. Summit Materials's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.48) EPS.
View Summit Materials' earnings history.

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SUM stock has increased by 131.7% and is now trading at $32.78.
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10 equities research analysts have issued 12-month price objectives for Summit Materials' shares. Their forecasts range from $16.00 to $42.00. On average, they anticipate Summit Materials' share price to reach $32.25 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Summit Materials or view top-rated stocks among Wall Street analysts.

7 employees have rated Summit Materials CEO Thomas Hill on Glassdoor.com. Thomas Hill has an approval rating of 100% among Summit Materials' employees. This puts Thomas Hill in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Summit Materials include Sociedad Química y Minera de Chile (SQM), Teck Resources (TECK), MDU Resources Group (MDU), Hecla Mining (HL), Lynas Rare Earths (LYSDY), Compass Minerals International (CMP), Piedmont Lithium (PLL), Energy Fuels (UUUU), U.S. Silica (SLCA), United States Lime & Minerals (USLM), Centrus Energy (LEU), Intrepid Potash (IPI), Ciner Resources (CINR), Galiano Gold (GAU) and Gold Standard Ventures (GSV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Intel (INTC), Pfizer (PFE), Square (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 a price of $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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.26%), Price T Rowe Associates Inc. MD (6.88%), Dimensional Fund Advisors LP (5.17%), Principal Financial Group Inc. (5.02%), Janus Henderson Group PLC (4.99%) and Franklin Resources Inc. (3.74%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Anne P Noonan, Brian James Harris, Howard L Lance, John Raymond Murphy, Joseph S Cantie and Mikel Shane Evans.
View institutional ownership trends for Summit Materials.

SUM stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Putnam Investments LLC, Northern Trust Corp, Jennison Associates LLC, Renaissance Technologies LLC, Weitz Investment Management Inc., Schonfeld Strategic Advisors LLC, and Paradigm Capital Management Inc. NY. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Howard L Lance, and John Raymond Murphy.
View insider buying and selling activity for Summit Materials or view top insider-selling stocks.

SUM stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Maverick Capital Ltd., Victory Capital Management Inc., The Manufacturers Life Insurance Company, Goldman Sachs Group Inc., Castleark Management LLC, Electron Capital Partners LLC, and Janus Henderson Group PLC. Company insiders that have bought Summit Materials stock in the last two years include Anne P Noonan, and Joseph S Cantie.
View insider buying and selling activity for Summit Materials or or view top insider-buying stocks.

Shares of SUM 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 $32.78.

Summit Materials has a market capitalization of $3.85 billion and generates $2.33 billion in revenue each year. The construction company earns $141.24 million in net income (profit) each year or $0.81 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 is headquartered at 1550 Wynkoop Street 3rd Floor, Denver CO, 80202.

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]