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NYSE:SUM

Summit Materials (SUM) Stock Price, News & Analysis

$44.37
+0.34 (+0.77%)
(As of 02:53 PM ET)
Today's Range
$43.88
$44.78
50-Day Range
$35.10
$43.92
52-Week Range
$25.43
$44.78
Volume
308,894 shs
Average Volume
1.02 million shs
Market Capitalization
$7.73 billion
P/E Ratio
18.64
Dividend Yield
N/A
Price Target
$45.09

Summit Materials MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
1.7% Upside
$45.09 Price Target
Short Interest
Healthy
2.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
0.47mentions of Summit Materials in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.35%
From $2.31 to $2.78 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.

3.22 out of 5 stars

Construction Sector

45th out of 102 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

8th out of 18 stocks

SUM stock logo

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

SUM Stock News Headlines

AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
EU Turns to Greenland in Quest for Raw Materials
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Analyst Scoreboard: 11 Ratings For Summit Materials
The Top 3 Construction Stocks to Buy in March 2024
Top Stock Picks for the Week of February 26, 2024
JP Morgan Upgrades Summit Materials (SUM)
Summit Materials to Host Investor Day on March 13, 2024
Loop Capital Markets Reaffirms Their Buy Rating on Summit Materials (SUM)
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
5,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$45.09
High Stock Price Target
$50.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$289.63 million
Pretax Margin
15.06%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$3.53 per share
Book Value
$19.38 per share

Miscellaneous

Free Float
173,449,000
Market Cap
$7.68 billion
Optionable
Optionable
Beta
1.32
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Key Executives

  • Ms. Anne P. NoonanMs. 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)
    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

SUM Stock Analysis - Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

12 Wall Street equities research 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 equities research 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 analysts have issued 1-year price targets for Summit Materials' shares. Their SUM share price targets range from $38.00 to $50.00. On average, they predict the company's stock price to reach $45.09 in the next twelve months. This suggests a possible upside of 1.7% 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 start of the year. Since then, SUM shares have increased by 15.3% and is now trading at $44.34.
View the best growth stocks for 2024 here
.

Are investors shorting Summit Materials?

Summit Materials saw a increase in short interest in February. As of February 29th, there was short interest totaling 4,600,000 shares, an increase of 18.3% from the February 14th total of 3,890,000 shares. Based on an average trading volume of 918,100 shares, the short-interest ratio is presently 5.0 days.
View Summit Materials' Short Interest
.

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 were Summit Materials' earnings last quarter?

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

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 $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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.03%), Vanguard Group Inc. (6.87%), Price T Rowe Associates Inc. MD (7.38%), Massachusetts Financial Services Co. MA (5.57%), Dimensional Fund Advisors LP (4.57%) and Principal Financial Group Inc. (4.40%). 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 3/28/2024 by MarketBeat.com Staff

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