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NYSE:SUMSummit Materials Stock Price, Forecast & News

$15.69
-1.08 (-6.44 %)
(As of 05/28/2020 04:00 PM ET)
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Compare
Today's Range
$15.65
Now: $15.69
$16.97
50-Day Range
$11.05
MA: $13.55
$15.98
52-Week Range
$7.51
Now: $15.69
$25.22
Volume120,052 shs
Average Volume1.42 million shs
Market Capitalization$1.79 billion
P/E Ratio22.10
Dividend YieldN/A
Beta1.74
Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other markets. It operates in three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. It has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
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Summit Materials logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.67 out of 5 stars


Industry, Sector and Symbol

Industry Mining & quarrying of nonmetallic minerals, except fuels
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
Phone303-893-0012

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.22 billion
Cash Flow$2.92 per share
Book Value$12.23 per share

Profitability

Net Income$61.12 million

Miscellaneous

Employees6,000
Market Cap$1.79 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Summit Materials (NYSE:SUM) Frequently Asked Questions

How has Summit Materials' stock been impacted by COVID-19 (Coronavirus)?

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SUM stock has increased by 10.9% and is now trading at $15.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Summit Materials?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Summit Materials.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Summit Materials.

How were Summit Materials' earnings last quarter?

Summit Materials Inc (NYSE:SUM) posted its earnings results on Wednesday, April, 29th. The construction company reported ($0.48) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.48). The construction company had revenue of $342.40 million for the quarter, compared to analyst estimates of $321.47 million. Summit Materials had a return on equity of 7.89% and a net margin of 3.67%. The business's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.49) EPS. View Summit Materials' earnings history.

What price target have analysts set for SUM?

16 brokerages have issued 12 month target prices for Summit Materials' stock. Their forecasts range from $12.50 to $28.00. On average, they anticipate Summit Materials' stock price to reach $18.96 in the next year. This suggests a possible upside of 20.9% from the stock's current price. View analysts' price targets for Summit Materials.

Has Summit Materials been receiving favorable news coverage?

News headlines about SUM stock have trended very negative recently, InfoTrie reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Materials earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave press coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutSummit Materials.

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 Square (SQ), Altria Group (MO), Netflix (NFLX), General Electric (GE), Southern (SO), WNS (WNS), AbbVie (ABBV), Intel (INTC), Pfizer (PFE) and Starbucks (SBUX).

Who are Summit Materials' key executives?

Summit Materials' management team includes the following people:
  • Mr. Thomas W. Hill B.A., MBA, Founder, Pres, CEO & Director (Age 63)
  • Mr. Brian J. Harris, Exec. VP & CFO (Age 63)
  • Mr. Karl H. Watson Jr., Exec. VP & COO (Age 54)
  • Mr. Michael J. Brady, Exec. VP & Chief Bus. Devel. Officer (Age 51)
  • Mr. M. Shane Evans, Exec. VP & Pres of West Division (Age 48)

When did Summit Materials IPO?

(SUM) raised $400 million in an 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.66%), Janus Henderson Group PLC (6.16%), Principal Financial Group Inc. (5.02%), Jennison Associates LLC (3.88%), Invesco Ltd. (2.90%) and Eagle Asset Management Inc. (2.81%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, Karl Watson, Mikel Shane Evans, Thomas A Beck and Thomas W Hill. 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 Jane Street Group LLC, Nuveen Asset Management LLC, Janus Henderson Group PLC, Two Sigma Investments LP, Morgan Stanley, BlackRock Inc., New York State Common Retirement Fund, and Penn Capital Management Co. Inc.. 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.

Which institutional investors are buying Summit Materials stock?

SUM stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Invesco Ltd., Massachusetts Financial Services Co. MA, Lodge Hill Capital LLC, Principal Financial Group Inc., Kornitzer Capital Management Inc. KS, and Paradigm Capital Management Inc. NY. Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, Karl Watson, Thomas A Beck, and Thomas W Hill. View insider buying and selling activity for Summit Materials.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Summit Materials' stock price today?

One share of SUM stock can currently be purchased for approximately $15.69.

How big of a company is Summit Materials?

Summit Materials has a market capitalization of $1.79 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.

What is Summit Materials' official website?

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

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 5/28/2020 by MarketBeat.com Staff

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