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NYSE:SUM

Summit Materials - SUM Stock Forecast, Price & News

$24.12
-0.77 (-3.09%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.97
$25.21
50-Day Range
$24.12
$31.94
52-Week Range
$21.99
$41.46
Volume
1.02 million shs
Average Volume
778,613 shs
Market Capitalization
$2.85 billion
P/E Ratio
10.49
Dividend Yield
N/A
Price Target
$32.88

Summit Materials MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
36.3% Upside
$32.88 Price Target
Short Interest
Healthy
4.34% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.35mentions of Summit Materials in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
46.04%
From $1.39 to $2.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Construction Sector

74th out of 104 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 14 stocks

SUM stock logo

About Summit Materials (NYSE:SUM) Stock

Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

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SUM Stock News Headlines

What 5 Analyst Ratings Have To Say About Summit Materials
Summit Materials (NYSE:SUM) Trading Up 3.2%
Summit Materials Gives A Rock-Solid Foundation For Growth
Summit Materials Says EVP And CFO Brian Harris Plans To Retire
Summit Materials, Inc. Announces Senior Leadership Change
Summit Materials Inc (SUM)
6 Analysts Have This to Say About Summit Materials
Earnings Outlook For Summit Materials
What factors will move the Summit Materials share price?
See More Headlines
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SUM Company Calendar

Last Earnings
8/03/2022
Today
9/26/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
5,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.88
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+36.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
8 Analysts

Profitability

Net Income
$154.28 million
Pretax Margin
14.80%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.01 per share
Book Value
$15.36 per share

Miscellaneous

Free Float
117,342,000
Market Cap
$2.85 billion
Optionable
Optionable
Beta
1.33

Key Executives

  • Ms. Anne P. NoonanMs. Anne P. Noonan (Age 59)
    Pres, CEO & Director
    Comp: $2.39M
  • Mr. Brian J. Harris (Age 66)
    Exec. VP & CFO
    Comp: $1.12M
  • Mr. Christopher Burke Gaskill (Age 40)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $774.23k
  • Ms. Deon MacMillan (Age 48)
    Exec. VP, Chief People Officer & Head of Corp. Communications
    Comp: $891.24k
  • Mr. Thomas W. Hill B.A.Mr. Thomas W. Hill B.A. (Age 66)
    MBA, Founder & Consultant
  • Andy Larkin
    VP, Investor Relations
  • Trent Musso
    Sr. VP of Corp. Devel.
  • Mr. Thomas A. Beck (Age 65)
    Exec. VP of Summit Materials
  • Mr. David Loomes
    Sr. VP
  • Mr. Kekin Ghelani
    Chief Strategy & Growth Officer













SUM Stock - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 2022?

8 equities research analysts have issued twelve-month price objectives for Summit Materials' stock. Their SUM share price forecasts range from $28.00 to $40.00. On average, they predict the company's share price to reach $32.88 in the next year. This suggests a possible upside of 33.0% 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 2022?

Summit Materials' stock was trading at $40.14 on January 1st, 2022. Since then, SUM shares have decreased by 38.4% and is now trading at $24.72.
View the best growth stocks for 2022 here
.

When is Summit Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SUM earnings forecast
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) issued its quarterly earnings results on Wednesday, August, 3rd. The construction company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.07. The construction company earned $631.92 million during the quarter, compared to analysts' expectations of $644.45 million. Summit Materials had a trailing twelve-month return on equity of 7.54% and a net margin of 11.31%.

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 initial public offering (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.

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 institutional and retail investors. Top institutional shareholders include FMR LLC (7.76%), Price T Rowe Associates Inc. MD (7.59%), Principal Financial Group Inc. (5.96%), Macquarie Group Ltd. (3.87%), Franklin Resources Inc. (3.37%) and Jennison Associates LLC (2.06%). 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.
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 $24.72.

How much money does Summit Materials make?

Summit Materials (NYSE:SUM) has a market capitalization of $2.92 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.

How many employees does Summit Materials have?

The company employs 5,500 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.

This page (NYSE:SUM) was last updated on 9/26/2022 by MarketBeat.com Staff

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