S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Dems push Biden climate, health priorities toward Senate OK
Transit woes mount for Boston's beleaguered subway riders
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:SUM

Summit Materials - SUM Stock Forecast, Price & News

$30.25
+0.86 (+2.93%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$28.79
$30.37
50-Day Range
$22.61
$30.25
52-Week Range
$21.99
$41.46
Volume
613,899 shs
Average Volume
540,757 shs
Market Capitalization
$3.57 billion
P/E Ratio
13.15
Dividend Yield
N/A
Price Target
$31.86

Summit Materials MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
5.3% Upside
$31.86 Price Target
Short Interest
Healthy
4.62% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.50mentions of Summit Materials in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.83%
From $1.33 to $1.74 Per Share

Overall MarketRank

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

1.89 out of 5 stars

Construction Sector

88th out of 124 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

12th out of 21 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.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their price target on shares of Summit Materials from $34.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 23rd. Morgan Stanley dropped their price target on Summit Materials from $35.00 to $27.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. Royal Bank of Canada raised Summit Materials from a "sector perform" rating to an "outperform" rating and reduced their price objective for the stock from $33.00 to $31.00 in a research note on Wednesday, June 22nd. StockNews.com upgraded Summit Materials from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, DA Davidson reduced their price target on shares of Summit Materials from $33.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, July 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Summit Materials presently has an average rating of "Hold" and an average target price of $31.86.

Summit Materials Stock Performance

Shares of NYSE:SUM opened at $30.25 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.94 and a debt-to-equity ratio of 0.91. Summit Materials has a 1-year low of $21.99 and a 1-year high of $41.46. The stock has a market capitalization of $3.57 billion, a P/E ratio of 13.15 and a beta of 1.37. The business has a 50-day moving average price of $25.35 and a two-hundred day moving average price of $28.79.

Summit Materials (NYSE:SUM - Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The construction company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.01). Summit Materials had a return on equity of 7.71% and a net margin of 11.31%. The business had revenue of $392.50 million for the quarter, compared to the consensus estimate of $395.55 million. During the same period last year, the firm earned ($0.33) earnings per share. The company's quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts predict that Summit Materials will post 1.33 earnings per share for the current year.

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SUM Stock News Headlines

Summit Materials (NYSE:SUM) Upgraded by StockNews.com to "Hold"
Earnings Outlook For Summit Materials
What factors will move the Summit Materials share price?
Summit Materials Misses Q1 EPS by 3c
Summit Materials Q1 2022 Earnings Preview
See More Headlines
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SUM Company Calendar

Last Earnings
11/03/2021
Today
8/07/2022
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
$31.86
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$154.28 million
Pretax Margin
7.82%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.11 per share
Book Value
$15.36 per share

Miscellaneous

Free Float
116,092,000
Market Cap
$3.57 billion
Optionable
Optionable
Beta
1.37

Key Executives














SUM Stock - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

7 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Summit Materials stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUM, but not buy additional shares or sell existing shares.
View analyst ratings for Summit Materials
or view top-rated stocks.

What is Summit Materials' stock price forecast for 2022?

7 Wall Street analysts have issued twelve-month price targets for Summit Materials' shares. Their SUM stock forecasts range from $26.00 to $41.00. On average, they predict Summit Materials' share price to reach $31.86 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for Summit Materials
or view top-rated stocks among Wall Street analysts.

How has Summit Materials' stock performed in 2022?

Summit Materials' stock was trading at $40.14 on January 1st, 2022. Since then, SUM stock has decreased by 24.6% and is now trading at $30.25.
View the best growth stocks for 2022 here
.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our earnings forecast for Summit Materials
.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) announced its quarterly earnings data on Wednesday, November, 3rd. The construction company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.04. The construction company earned $662.26 million during the quarter, compared to analyst estimates of $686.90 million. Summit Materials had a net margin of 11.31% and a trailing twelve-month return on equity of 7.71%. During the same quarter in the previous year, the firm earned $0.55 EPS.

What is Thomas Hill's approval rating as Summit Materials' CEO?

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.

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 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.

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 a variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (2.06%), Victory Capital Management Inc. (1.55%), Paradigm Capital Management Inc. NY (0.63%), River Road Asset Management LLC (0.60%), Congress Asset Management Co. MA (0.45%) and Frontier Capital Management Co. LLC (0.44%). Company insiders that own Summit Materials 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 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 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 $30.25.

How much money does Summit Materials make?

Summit Materials (NYSE:SUM) has a market capitalization of $3.57 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?

Summit Materials 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 Summit Materials 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 8/7/2022 by MarketBeat.com Staff

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