NYSE:SUMSummit Materials Stock Price, Forecast & News

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SUM shares have increased by 20.8% and is now trading at $17.09.
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16 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, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Summit Materials.

Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Summit Materials.

Summit Materials Inc (NYSE:SUM) announced its quarterly earnings data on Tuesday, July, 21st. The construction company reported $0.50 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.25. The construction company earned $575.24 million during the quarter, compared to analysts' expectations of $549.90 million. Summit Materials had a return on equity of 9.31% and a net margin of 4.53%.
View Summit Materials' earnings history.

16 brokers have issued 1 year price objectives for Summit Materials' shares. Their forecasts range from $14.00 to $28.00. On average, they anticipate Summit Materials' share price to reach $20.29 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts' price targets for Summit Materials.

News stories about SUM stock have trended negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Summit Materials earned a news impact score of -2.4 on InfoTrie's scale. They also assigned media coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Summit Materials.

Some companies that are related to Summit Materials include Teck Resources (TECK), Mdu Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), LYNAS CORP LTD/S (LYSDY), United States Lime & Minerals (USLM), GalianoGoldInc . (GAU), U.S. Silica (SLCA), Ciner Resources (CINR), Intrepid Potash (IPI), Smart Sand (SND), Piedmont Lithium (PLL), ZEN Graphene Solutions (ZENYF), Canada Jetlines (JETMF) and Cambrian Minerals Group (SMPR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Square (SQ), Intel (INTC), Altria Group (MO), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), General Electric (GE), Pfizer (PFE), Southern (SO), AbbVie (ABBV) and Ford Motor (F).

(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 acted 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 number of retail and institutional investors. Top institutional shareholders include FMR LLC (11.98%), Principal Financial Group Inc. (5.18%), Jennison Associates LLC (3.29%), Goldman Sachs Group Inc. (2.84%), Victory Capital Management Inc. (1.79%) and Weitz Investment Management Inc. (1.51%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, Mikel Shane Evans, Thomas A Beck and Thomas W Hill.
View institutional ownership trends for Summit Materials.

SUM stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Victory Capital Management Inc., Jennison Associates LLC, Macquarie Group Ltd., New York State Common Retirement Fund, Weitz Investment Management Inc., UBS Group AG, and RMB Capital Management LLC. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, and Mikel Shane Evans.
View insider buying and selling activity for Summit Materials.

SUM stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Goldman Sachs Group Inc., Bank of Montreal Can, Principal Financial Group Inc., Paradigm Capital Management Inc. NY, Monarch Partners Asset Management LLC, Kornitzer Capital Management Inc. KS, and Swiss National Bank. Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, Thomas A Beck, and Thomas W Hill.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SUM stock can currently be purchased for approximately $17.09.

Summit Materials has a market capitalization of $1.95 billion and generates $2.22 billion in revenue each year. The construction company earns $61.12 million in net income (profit) each year or $0.94 on an earnings per share basis. Summit Materials employs 6,000 workers across the globe.

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

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]