NYSE:SUM

Summit Materials Stock Forecast, Price & News

$33.54
+0.40 (+1.21 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$32.65
$33.76
50-Day Range
$31.58
$36.16
52-Week Range
$14.60
$37.13
Volume518,116 shs
Average Volume1.17 million shs
Market Capitalization$3.94 billion
P/E Ratio23.79
Dividend YieldN/A
Beta1.3
30 days | 90 days | 365 days | Advanced Chart
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Summit Materials logo

About Summit Materials

Summit Materials, Inc. is a construction materials company. It manufactures construction materials and related downstream products. The company 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.

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MarketRank

Overall MarketRank

2.21 out of 5 stars

Construction Sector

56th out of 138 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

4th out of 20 stocks

Analyst Opinion: 2.1Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Summit Materials (NYSE:SUM) Frequently Asked Questions

Is Summit Materials a buy right now?

7 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 and 3 buy ratings for the stock. The consensus among Wall Street 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 stocks does MarketBeat like better than Summit Materials?

Wall Street analysts have given Summit Materials a "Hold" 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.
View MarketBeat's top stock picks here.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Summit Materials
.

How can I listen to Summit Materials' earnings call?

Summit Materials will be holding an earnings conference call on Thursday, August 5th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-621-4642 with passcode "3865846".

How were Summit Materials' earnings last quarter?

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

How has Summit Materials' stock been impacted by Coronavirus?

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SUM shares have increased by 137.0% and is now trading at $33.54.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SUM?

7 analysts have issued twelve-month price targets for Summit Materials' stock. Their forecasts range from $16.00 to $42.00. On average, they expect Summit Materials' share price to reach $34.14 in the next year. This suggests a possible upside of 1.8% from the stock's current price.
View analysts' price targets for Summit Materials
or view top-rated stocks among Wall Street analysts.

Who are Summit Materials' key executives?

Summit Materials' management team includes the following people:
  • Anne P. Noonan, President, Chief Executive Officer & Director
  • Brian J. Harris, Chief Financial Officer & Executive Vice President
  • Karli Schumaker Anderson, Chief ESG Officer & Executive Vice President
  • Deon MacMillan, Chief People Officer & Executive Vice President
  • Christopher B. Gaskill, Secretary, Chief Legal Officer & Executive VP

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.

Who are some of Summit Materials' key competitors?

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), 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).

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 a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (2.68%), Peregrine Capital Management LLC (0.48%), Emerald Mutual Fund Advisers Trust (0.46%), Emerald Advisers LLC (0.44%), RE Advisers Corp (0.26%) and Monarch Partners Asset Management LLC (0.23%). 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
.

Which institutional investors are selling Summit Materials stock?

SUM stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, RE Advisers Corp, Monarch Partners Asset Management LLC, Alliancebernstein L.P., New York State Common Retirement Fund, and Arizona State Retirement System. 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.

Which institutional investors are buying Summit Materials stock?

SUM stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Emerald Mutual Fund Advisers Trust, Emerald Advisers LLC, Zurcher Kantonalbank Zurich Cantonalbank , Advisors Asset Management Inc., Calamos Advisors LLC, Cutler Group LP, and Handelsbanken Fonder AB. 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.

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 $33.54.

How much money does Summit Materials make?

Summit Materials has a market capitalization of $3.94 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.

How many employees does Summit Materials have?

Summit Materials employs 6,000 workers across the globe.

What is Summit Materials' official website?

The official website for Summit Materials is www.summit-materials.com.

Where are Summit Materials' headquarters?

Summit Materials is headquartered at 1550 Wynkoop Street 3rd Floor, Denver CO, 80202.

How can I contact Summit Materials?

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]


This page was last updated on 8/4/2021 by MarketBeat.com Staff
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