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. $33.22 -1.03 (-3.01%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$32.92▼$34.0450-Day Range$28.39▼$34.2552-Week Range$21.99▼$36.44Volume587,401 shsAverage Volume544,314 shsMarket Capitalization$3.93 billionP/E Ratio14.02Dividend YieldN/APrice Target$34.10 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Summit Materials MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside2.6% Upside$34.10 Price TargetShort InterestHealthy5.64% of Shares Sold ShortDividend StrengthN/ASustainability-7.04Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth37.29%From $1.18 to $1.62 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.1.85 out of 5 starsConstruction Sector64th out of 105 stocksMining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry10th out of 17 stocks 2.4 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.10, Summit Materials has a forecasted upside of 2.6% from its current price of $33.22.Amount of Analyst CoverageSummit Materials has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted5.64% 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 9.6.Change versus previous monthShort interest in Summit Materials has recently decreased by 8.37%, indicating that investor sentiment is improving significantly. 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 2.2 News and Social Media Coverage News SentimentSummit Materials has a news sentiment score of -0.01. 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 0.57 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.Search Interest5 people have searched for SUM on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat Follows2 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 1.70% of the stock of Summit Materials is held by insiders. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Summit Materials are expected to grow by 37.29% in the coming year, from $1.18 to $1.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 14.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 14.02, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 17.74.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 2.20. 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 HeadlinesFebruary 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. 27February 4, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 25, 2023 | americanbankingnews.comSummit Materials (NYSE:SUM) PT Raised to $28.00 at The Goldman Sachs GroupJanuary 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 SecuritiesFebruary 4, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 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)?January 7, 2023 | finance.yahoo.comSummit Materials, Inc. (SUM)January 7, 2023 | benzinga.comSummit Materials Stock (NYSE:SUM), Quotes and News SummaryDecember 5, 2022 | seekingalpha.comSummit Materials declares special stock dividendDecember 5, 2022 | marketwatch.comSummit Materials Declares Special DividendDecember 5, 2022 | finance.yahoo.comSummit Materials, Inc. Declares Special Stock DividendDecember 4, 2022 | finance.yahoo.comInvesting in Summit Materials (NYSE:SUM) three years ago would have delivered you a 32% gainNovember 19, 2022 | money.usnews.comSummit Materials Inc - Ordinary Shares - Class ANovember 8, 2022 | markets.businessinsider.comRBC Capital Reaffirms Their Buy Rating on Summit Materials (SUM)November 8, 2022 | finance.yahoo.comIs Summit Materials, Inc. (NYSE:SUM) Trading At A 48% Discount?November 4, 2022 | marketwatch.comPaving Asphalt Market to Show Growth & Demand, TOP Manufacturer-Oldcastle Materials, Vulcan Materials, Summit Materials, DelekAlonNovember 2, 2022 | finance.yahoo.comSummit Materials (SUM) Q3 Earnings Miss EstimatesNovember 1, 2022 | msn.comSummit Materials's Earnings: A PreviewOctober 24, 2022 | finance.yahoo.comSummit Materials, Inc.'s (NYSE:SUM) Stock Been Rising: Are Strong Financials Guiding The Market?October 20, 2022 | finance.yahoo.comSummit Materials Company Continental Cement Innovates Lowest Carbon Portland Limestone Cement (IL20) to Date for MNDOT and National Road Research Alliance ProjectOctober 13, 2022 | finance.yahoo.comSummit Materials Announces Third Quarter 2022 Results Conference Call DateSee 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 Last Earnings11/03/2021Ex-Dividend for 12/29 Dividend12/14/2022Dividend Payable12/29/2022Today2/04/2023Next Earnings (Confirmed)2/15/2023Fiscal 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) 893-0012Fax303-893-6993Employees5,500Year FoundedN/APrice Target and Rating Average Stock Price Forecast$34.10 High Stock Price Forecast$45.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+2.6%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$2.3697 Trailing P/E Ratio14.02 Forward P/E Ratio28.15 P/E GrowthN/ANet Income$154.28 million Net Margins11.65% Pretax Margin15.26% Return on Equity7.48% Return on Assets3.30% Debt Debt-to-Equity Ratio0.76 Current Ratio3.39 Quick Ratio2.76 Sales & Book Value Annual Sales$2.41 billion Price / Sales1.63 Cash Flow$2.96 per share Price / Cash Flow11.21 Book Value$15.10 per share Price / Book2.20Miscellaneous Outstanding Shares118,400,000Free Float116,391,000Market Cap$3.93 billion OptionableOptionable Beta1.40 Key ExecutivesAnne P. NoonanPresident, Chief Executive Officer & DirectorBrian J. HarrisChief Financial Officer & Executive Vice PresidentThomas A. BeckExecutive Vice PresidentAbney S. BoxleyExecutive Vice PresidentKarli Schumaker AndersonExecutive VP, Chief People & ESG OfficerKey CompetitorsPotlatchDelticNASDAQ:PCHMeritage HomesNYSE:MTHTaylor Morrison HomeNYSE:TMHCAAONNASDAQ:AAONGates IndustrialNYSE:GTESView All CompetitorsInsiders & InstitutionsParadigm Capital Management Inc. NYSold 18,595 shares on 2/3/2023Ownership: 0.605%Homestead Advisers CorpBought 4,841 shares on 2/3/2023Ownership: 0.245%EFG Asset Management North America Corp.Sold 658 shares on 2/3/2023Ownership: 0.034%D.A. Davidson & CO.Sold 465 shares on 2/3/2023Ownership: 0.008%Ellevest Inc.Sold 1,064 shares on 2/3/2023Ownership: 0.002%View All Institutional Transactions SUM Stock - Frequently Asked Questions Should I buy or sell Summit Materials stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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? 10 Wall Street analysts have issued 12-month target prices for Summit Materials' shares. Their SUM share price forecasts range from $28.00 to $45.00. On average, they expect the company's stock price to reach $34.10 in the next year. This suggests a possible upside of 2.6% 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 at the start of the year. Since then, SUM shares have increased by 17.0% and is now trading at $33.22. 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, February 15th 2023. View our SUM earnings forecast. How can I listen to Summit Materials' earnings call? Summit Materials will be holding an earnings conference call on Thursday, February 16th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "1542153". How were Summit Materials' earnings last quarter? Summit Materials, Inc. (NYSE:SUM) issued its earnings results on Wednesday, November, 3rd. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The construction company had revenue of $662.26 million for the quarter, compared to analyst estimates of $686.90 million. Summit Materials had a trailing twelve-month return on equity of 7.48% and a net margin of 11.65%. During the same period last year, the company earned $0.55 EPS. How often does Summit Materials pay dividends? What is the dividend yield for Summit Materials? Summit Materials announced a -- dividend on Wednesday, December 14th. Shareholders 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 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 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 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 institutional and retail investors. Top institutional investors include Paradigm Capital Management Inc. NY (0.60%), River Road Asset Management LLC (0.59%), Congress Asset Management Co. MA (0.47%), Kornitzer Capital Management Inc. KS (0.40%), Peregrine Capital Management LLC (0.32%) and Homestead Advisers Corp (0.24%). 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 $33.22. How much money does Summit Materials make? Summit Materials (NYSE:SUM) has a market capitalization of $3.93 billion and generates $2.41 billion in revenue each year. The construction company earns $154.28 million in net income (profit) each year or $2.3697 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 2/4/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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