Summit Materials - SUM Stock Forecast, Price & News

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

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.

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).

(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 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.
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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 $30.25.

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.

Summit Materials employs 5,500 workers across the globe.

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.