Summit Materials - SUM Stock Forecast, Price & News

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our SUM earnings forecast.

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".

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.

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.

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.

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 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.

Summit Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUM."

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.

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.

One share of SUM stock can currently be purchased for approximately $33.22.

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.

The company employs 5,500 workers across the globe.

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.