Summit Materials (SUM) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SUM shares.
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12 equities research analysts have issued 12 month target prices for Summit Materials' stock. 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 16.7% from the stock's current price.
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Summit Materials' stock was trading at $38.46 at the beginning of 2024. Since then, SUM stock has increased by 2.7% and is now trading at $39.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Summit Materials, Inc. (NYSE:SUM) announced its quarterly earnings results on Wednesday, February, 14th. The construction company reported $0.31 EPS 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 analyst estimates 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 business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share.

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), Dimensional US Small Cap Value ETF (DFSV) and Vanguard Materials ETF (VAW).

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), RTX (RTX), Western Digital (WDC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T) and UnitedHealth Group (UNH).

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 served as the underwriters for the IPO and Blackstone Capital Markets, BB&T Capital Markets, Stephens, Sterne Agee and Stifel were co-managers.

Summit Materials' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.25%), First Hawaiian Bank (0.01%) and Westend Capital Management LLC (0.00%). Insiders that own company stock include Anne K Wade, Howard L Lance and John Raymond Murphy.
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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.
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