Should I buy or sell Summit Materials stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUM shares. View SUM analyst ratings or view top-rated stocks .

What is Summit Materials' stock price target for 2024?

12 Wall Street analysts have issued 12-month price targets for Summit Materials' shares. Their SUM share price targets range from $38.00 to $53.00. On average, they predict the company's stock price to reach $46.09 in the next twelve months. This suggests a possible upside of 20.4% 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 2024?

Summit Materials' stock was trading at $38.46 at the beginning of 2024. Since then, SUM stock has decreased by 0.4% and is now trading at $38.29. View the best growth stocks for 2024 here .

When is Summit Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. 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, May 2nd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "1542153".

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) released its quarterly earnings results on Wednesday, February, 14th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The construction company earned $613.13 million during the quarter, compared to analyst estimates of $560.90 million. Summit Materials had a net margin of 10.91% and a trailing twelve-month return on equity of 8.73%. Summit Materials's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share.

What ETFs hold Summit Materials' stock?

ETFs with the largest weight of Summit Materials (NYSE:SUM) stock in their portfolio include Tema American Reshoring ETF (RSHO) , Invesco Building & Construction ETF (PKB) , Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) , Thrivent Small-Mid Cap ESG ETF (TSME) , Nuveen Small Cap Select ETF (NSCS) , T. Rowe Price Small-Mid Cap ETF (TMSL) , Vanguard Materials ETF (VAW) and Vanguard Russell 2000 Value ETF (VTWV) .

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) , RTX (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?

Summit Materials (SUM) raised $400 million in an initial public offering (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.

Who are Summit Materials' major shareholders?

Summit Materials' stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.25%), Congress Wealth Management LLC DE (0.11%), Norden Group LLC (0.07%), First Hawaiian Bank (0.01%), Westend Capital Management LLC (0.00%) and Register Financial Advisors LLC (0.00%). Insiders that own company stock include Anne K Wade , Howard L Lance and John Raymond Murphy . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SUM

Summit Materials (SUM) Stock Price, News & Analysis

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$38.29

-0.18 (-0.47%)

(As of 04/19/2024 ET)

Compare

Today's Range: $37.81
▼
$38.89
50-Day Range: $37.00
▼
$44.58
52-Week Range: $26.18
▼
$44.89

Volume: 1.00 million shs
Average Volume: 975,683 shs
Market Capitalization: $6.67 billion

P/E Ratio: 16.09
Dividend Yield: N/A
Price Target: $46.09

Get Summit Materials alerts:

Summit Materials MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.58 Rating Score
Upside/Downside: 20.4% Upside
$46.09 Price Target
Short Interest: Healthy
2.39% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -7.04
Upright™ Environmental Score
News Sentiment: 0.32
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 18.86%
From $2.28 to $2.71 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.61 out of 5 stars

Construction Sector

39th out of 100 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

5th out of 17 stocks

3.3

Analyst's Opinion

Consensus Rating
Summit Materials has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Summit Materials has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.39% of the outstanding shares of Summit Materials have been sold short.
Short Interest Ratio / Days to Cover
Summit Materials has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Summit Materials has recently decreased by 2.58%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Summit Materials does not currently pay a dividend.
Dividend Growth
Summit Materials does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Summit 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 Sustainability
The Environmental Impact score for Summit Materials is -7.04.

1.8

News and Social Media Coverage

News Sentiment
Summit Materials has a news sentiment score of 0.32. 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 Week
MarketBeat has tracked 5 news articles for Summit Materials this week, compared to 5 articles on an average week.
Search Interest
7 people have searched for SUM on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Summit Materials insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.47% of the stock of Summit Materials is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Summit Materials are expected to grow by 18.86% in the coming year, from $2.28 to $2.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Summit Materials is 16.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Summit Materials is 16.09, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 18.45.
Price to Book Value per Share Ratio
Summit Materials has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Summit Materials Stock (NYSE:SUM)

Summit Materials, Inc. operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. The company serves the public infrastructure, and residential and nonresidential end markets. Summit Materials, Inc. was founded in 2009 and is headquartered in Denver, Colorado.

SUM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SUM Stock News Headlines

April 18, 2024 | prnewswire.com

Summit Materials Announces First Quarter 2024 Results Conference Call Date

April 18, 2024 | bloomberg.com

EU to Discuss Paradigm Shift at Competitiveness Summit

April 20, 2024 | Crypto Swap Profits (Ad)

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April 17, 2024 | seekingalpha.com

Summit Materials: Diversified But Lacking Upside

April 12, 2024 | msn.com

Editorial: Kishida-Biden summit shows Japan's diplomatic strategy in doubt

April 3, 2024 | msn.com

Transatlantic partners eye 'green marketplace' at summit

April 2, 2024 | msn.com

Presidents Biden and Xi Engage in Dialogue After Recent Summit

April 2, 2024 | markets.businessinsider.com

Summit Materials Stock: A Deep Dive Into Analyst Perspectives (13 Ratings)

April 20, 2024 | Crypto Swap Profits (Ad)

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April 1, 2024 | msn.com

U.S. Coordinates Trilateral Summit with South Korea and Japan During the July NATO Summit

March 30, 2024 | finance.yahoo.com

Investing in Summit Materials (NYSE:SUM) five years ago would have delivered you a 195% gain

March 30, 2024 | finance.yahoo.com

Investing in Summit Materials (NYSE:SUM) five years ago would have delivered you a 195% gain

March 29, 2024 | msn.com

Ciara Brings Sharp Edge to The Voices of Beauty Summit in Pointy Stiletto Boots

March 29, 2024 | forbes.com

Design For Freedom Summit Shares Strategies For Removing Modern-Day Slavery From Building And Construction Supply Chain

March 29, 2024 | techcrunch.com

New Summit is raising a new $100 million fund to back climate tech and underrepresented fund managers

March 24, 2024 | investing.com

Summit Materials stock maintains Overweight rating

March 18, 2024 | msn.com

Biden to host Japan PM Kishida, Philippines President Marcos for White House summit

March 18, 2024 | msn.com

Biden to host leaders of Japan, Philippines for White House summit

March 16, 2024 | msn.com

Free Gear Friday: Win a Frontier Ultralight Cookset From Sea to Summit

March 15, 2024 | bloomberg.com

EU Turns to Greenland in Quest for Raw Materials

March 14, 2024 | bloomberg.com

EU Is in Talks to Ensure Defense Sector Gets Critical Materials

March 14, 2024 | markets.businessinsider.com

Analyst Scoreboard: 11 Ratings For Summit Materials

March 14, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: Summit Materials (SUM) and Ashland (ASH)

March 13, 2024 | msn.com

Summit Materials jumps after maintaining full-year EBITDA guidance

March 13, 2024 | prnewswire.com

Summit Materials, Inc. Provides Update on Its Elevate Strategy

March 11, 2024 | omaha.com

Over 200 people hear encouragement, concerns at North Omaha Violence and Justice Summit

March 7, 2024 | investorplace.com

The Top 3 Construction Stocks to Buy in March 2024

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Current Symbol: NYSE:SUM
CUSIP: N/A
CIK: 1621563
Web: www.summit-materials.com
Phone: (303) 893-0012
Fax: 303-893-6993
Employees: 5,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $46.09
High Stock Price Target: $53.00
Low Stock Price Target: $38.00
Potential Upside/Downside: +20.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.38
Trailing P/E Ratio: 16.10
Forward P/E Ratio: 16.80
P/E Growth: N/A
Net Income: $289.63 million
Net Margins: 10.91%
Pretax Margin: 15.06%
Return on Equity: 8.73%
Return on Assets: 4.18%

Debt

Debt-to-Equity Ratio: 0.99
Current Ratio: 5.36
Quick Ratio: 4.62

Sales & Book Value

Annual Sales: $2.62 billion
Price / Sales: 2.55
Cash Flow: $3.41 per share
Price / Cash Flow: 11.22
Book Value: $19.38 per share
Price / Book: 1.98

Miscellaneous

Outstanding Shares: 174,270,000
Free Float: 173,449,000
Market Cap: $6.68 billion
Optionable: Optionable
Beta: 1.32

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Key Executives

Ms. Anne P. Noonan (Age 61)
President, CEO & Director
Comp: $2.28M
Mr. Christopher Burke Gaskill (Age 42)
Executive VP, Chief Legal Officer & Secretary
Comp: $743.46k
Ms. Karli S. Anderson (Age 51)
Executive VP of Chief People & ESG Officer and Head of Communications
Comp: $679.86k
Mr. Brian J. Harris (Age 68)
Executive Officer
Comp: $1.03M
Mr. Kekin M. Ghelani (Age 50)
Executive VP and Chief Strategy & Growth Officer
Comp: $840.56k
Mr. C. Scott Anderson (Age 57)
Executive VP & CFO
Mr. Marshall D. Moore (Age 60)
Executive VP & COO
Mr. Brian D. Frantz (Age 61)
Senior VP, Treasurer & Chief Accounting Officer
Andy Larkin
Vice President, Investor Relations
Trent Musso
Senior VP of Corporate Development

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SUM Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SUM shares.
View SUM analyst ratings or view top-rated stocks.
What is Summit Materials' stock price target for 2024?: 12 Wall Street analysts have issued 12-month price targets for Summit Materials' shares. Their SUM share price targets range from $38.00 to $53.00. On average, they predict the company's stock price to reach $46.09 in the next twelve months. This suggests a possible upside of 20.4% 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 2024?: Summit Materials' stock was trading at $38.46 at the beginning of 2024. Since then, SUM stock has decreased by 0.4% and is now trading at $38.29.
View the best growth stocks for 2024 here.
When is Summit Materials' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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, May 2nd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "1542153".
How were Summit Materials' earnings last quarter?: Summit Materials, Inc. (NYSE:SUM) released its quarterly earnings results on Wednesday, February, 14th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The construction company earned $613.13 million during the quarter, compared to analyst estimates of $560.90 million. Summit Materials had a net margin of 10.91% and a trailing twelve-month return on equity of 8.73%. Summit Materials's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share.

What ETFs hold Summit Materials' stock?: ETFs with the largest weight of Summit Materials (NYSE:SUM) stock in their portfolio include Tema American Reshoring ETF (RSHO), Invesco Building & Construction ETF (PKB), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Thrivent Small-Mid Cap ESG ETF (TSME), Nuveen Small Cap Select ETF (NSCS), T. Rowe Price Small-Mid Cap ETF (TMSL), Vanguard Materials ETF (VAW) and Vanguard Russell 2000 Value ETF (VTWV).
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), RTX (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?: Summit Materials (SUM) raised $400 million in an initial public offering (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.
Who are Summit Materials' major shareholders?: Summit Materials' stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.25%), Congress Wealth Management LLC DE (0.11%), Norden Group LLC (0.07%), First Hawaiian Bank (0.01%), Westend Capital Management LLC (0.00%) and Register Financial Advisors LLC (0.00%). Insiders that own company stock include Anne K Wade, Howard L Lance and John Raymond Murphy.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SUM) was last updated on 4/20/2024 by MarketBeat.com Staff

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