Positive News SentimentPositive NewsNYSE:SUM Summit Materials (SUM) Stock Price, News & Analysis → It's time to ween off Chinese lithium! (From Smallcaps Daily) (Ad) Free SUM Stock Alerts $37.72 -0.37 (-0.97%) (As of 06/7/2024 08:52 PM ET) Add Compare Share Share Today's Range$37.43▼$38.1950-Day Range$37.74▼$43.1152-Week Range$29.98▼$44.89Volume627,700 shsAverage Volume962,018 shsMarket Capitalization$6.62 billionP/E Ratio16.84Dividend YieldN/APrice Target$46.92 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Summit Materials alerts: Email Address Summit Materials MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside24.4% Upside$46.92 Price TargetShort InterestHealthy2.27% of Shares Sold ShortDividend StrengthN/ASustainability-7.04Upright™ Environmental ScoreNews Sentiment1.68Based on 4 Articles This WeekInsider TradingSelling Shares$2.03 M Sold Last QuarterProj. Earnings Growth22.90%From $2.14 to $2.63 Per ShareSee Full Details Hide Full Details 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.4.12 out of 5 starsConstruction Sector27th out of 98 stocksMining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry6th out of 20 stocks 3.3 Analyst's Opinion Consensus RatingSummit Materials has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageSummit Materials has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Summit Materials' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.27% of the outstanding shares of Summit Materials have been sold short.Short Interest Ratio / Days to CoverSummit Materials has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Summit Materials has recently decreased by 7.01%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSummit Materials does not currently pay a dividend.Dividend GrowthSummit Materials does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSummit 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 SustainabilityThe Environmental Impact score for Summit Materials is -7.04. Previous Next 2.6 News and Social Media Coverage News SentimentSummit Materials has a news sentiment score of 1.68. 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 higher news sentiment than the 1.02 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Summit Materials this week, compared to 5 articles on an average week.MarketBeat FollowsOnly 1 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Materials insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,034,184.00 in company stock.Percentage Held by InsidersOnly 0.55% of the stock of Summit Materials is held by insiders.Read more about Summit Materials' insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Summit Materials are expected to grow by 22.90% in the coming year, from $2.14 to $2.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Materials is 16.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.55.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Materials is 16.84, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 22.74.Price to Book Value per Share RatioSummit Materials has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Summit Materials' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Daily Market AlertsTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world's most powerful tech companies (including Microsoft, Intel, and Google) investing billions. And one tiny company will be the driving force behind this new tech revolution…Click below for your free report "Top 5 Tech Stocks to Buy in 2024", 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.Read More SUM Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SUM Stock News HeadlinesMay 16, 2024 | insidertrades.comJason Kilgore Sells 50,589 Shares of Summit Materials, Inc. (NYSE:SUM) StockMay 29, 2024 | msn.comUkrainian Minister tells about Ukraine's expectations from NATO summit in WashingtonMay 29, 2024 | msn.comCMAI Hosts Key Summit to Shape India's Carbon Policy and Achieve Net-Zero TargetsMay 28, 2024 | finance.yahoo.comJapan: Demonstrating Global Leadership in Pioneering Innovative Energy Technologies at the Japan Energy Summit & ExhibitionMay 28, 2024 | forbes.comSustianble Policy Is Discussed At Copenhagen’s 2024 Global Fashion SummitMay 28, 2024 | msn.comSelling Sustainability: How Copenhagen's Annual Summit Recycled Its Own MessageMay 22, 2024 | wsj.comSummit Materials Inc. Cl AMay 21, 2024 | finance.yahoo.comIs Now An Opportune Moment To Examine Summit Materials, Inc. (NYSE:SUM)?May 9, 2024 | markets.businessinsider.comStifel Nicolaus Reaffirms Their Buy Rating on Summit Materials (SUM)May 7, 2024 | markets.businessinsider.comJefferies Reaffirms Their Buy Rating on Summit Materials (SUM)May 3, 2024 | markets.businessinsider.comSeaport Global Keeps Their Buy Rating on Summit Materials (SUM)May 3, 2024 | finance.yahoo.comSummit Materials, Inc. (NYSE:SUM) Q1 2024 Earnings Call TranscriptMay 3, 2024 | washingtonpost.comTDS: Q1 Earnings SnapshotMay 3, 2024 | finance.yahoo.comQ1 2024 Summit Materials Inc Earnings CallMay 3, 2024 | finance.yahoo.comSummit Materials Inc (SUM) (Q1 2024) Earnings Call Transcript Highlights: Robust Start with ...May 2, 2024 | msn.comChina urged to make Uganda source of its raw materialsMay 2, 2024 | sfgate.comSummit Materials: Q1 Earnings SnapshotMay 2, 2024 | markets.businessinsider.comBarclays Keeps Their Hold Rating on Summit Materials (SUM)May 2, 2024 | finance.yahoo.comSummit Materials Inc (SUM) Q1 2024 Earnings: Revenue Surges Amidst ChallengesMay 1, 2024 | investorplace.comSUM Stock Earnings: Summit Materials Beats EPS, Misses Revenue for Q1 2024May 1, 2024 | prnewswire.comSummit Materials, Inc. Reports First Quarter 2024 ResultsApril 30, 2024 | markets.businessinsider.comSummit Materials A is about to announce earnings — here's what Wall Street expectsApril 28, 2024 | msn.comCritical Minerals Summit in Delhi from MondayApril 28, 2024 | msn.com2 with non-life-threatening injuries after train derails in KC: policeApril 27, 2024 | msn.comQueen Latifah Does Logomania in Gucci Sneakers for QVC Quintessential 50 SummitSee More Headlines Receive SUM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Materials and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/01/2024Today6/10/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry Mining & quarrying of nonmetallic minerals, except fuels Sub-IndustryN/A Current SymbolNYSE:SUM CUSIPN/A CIK1621563 Webwww.summit-materials.com Phone(303) 893-0012Fax303-893-6993Employees5,300Year FoundedN/APrice Target and Rating Average Stock Price Target$46.92 High Stock Price Target$53.00 Low Stock Price Target$38.00 Potential Upside/Downside+24.4%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$2.24 Trailing P/E Ratio16.84 Forward P/E Ratio17.63 P/E GrowthN/ANet Income$289.63 million Net Margins8.36% Pretax Margin11.84% Return on Equity7.33% Return on Assets3.63% Debt Debt-to-Equity Ratio0.66 Current Ratio2.58 Quick Ratio1.93 Sales & Book Value Annual Sales$2.62 billion Price / Sales2.53 Cash Flow$3.48 per share Price / Cash Flow10.84 Book Value$19.38 per share Price / Book1.95Miscellaneous Outstanding Shares175,460,000Free Float174,500,000Market Cap$6.62 billion OptionableOptionable Beta1.27 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMs. Anne P. Noonan (Age 61)President, CEO & Director Comp: $3.5MMr. C. Scott Anderson (Age 57)Executive VP & CFO Comp: $1.45MMr. Christopher Burke Gaskill (Age 42)Executive VP, Chief Legal Officer & Secretary Comp: $1.01MMs. Karli S. Anderson (Age 51)Executive VP of Chief People & ESG Officer and Head of Communications Comp: $1.02MMr. Brian J. Harris (Age 68)Executive Officer Comp: $777.31kMr. Kekin M. Ghelani (Age 50)Executive VP and Chief Strategy & Growth Officer Comp: $1.26MMr. Marshall D. Moore (Age 60)Executive VP & COO Mr. Brian D. Frantz (Age 61)Senior VP, Treasurer & Chief Accounting Officer Andy LarkinVice President, Investor RelationsTrent MussoSenior VP of Corporate DevelopmentMore ExecutivesKey CompetitorsTeck ResourcesNYSE:TECKSociedad Química y Minera de ChileNYSE:SQMMDU Resources GroupNYSE:MDUKnife RiverNYSE:KNFHecla MiningNYSE:HLView All CompetitorsInsiders & InstitutionsWestwood Holdings Group Inc.Sold 778,741 shares on 6/6/2024Ownership: 0.295%Boston PartnersSold 19,264 shares on 5/28/2024Ownership: 0.010%Castleark Management LLCSold 32,278 shares on 5/17/2024Ownership: 0.070%Walleye Trading LLCBought 47,100 shares on 5/17/2024Ownership: 0.000%Tidal Investments LLCSold 1,265 shares on 5/17/2024Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions 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 4 hold ratings and 8 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 brokerages have issued 1-year price objectives for Summit Materials' stock. Their SUM share price targets range from $38.00 to $53.00. On average, they predict the company's share price to reach $46.92 in the next year. This suggests a possible upside of 24.4% 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 on January 1st, 2024. Since then, SUM stock has decreased by 1.9% and is now trading at $37.72. 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, August 7th 2024. View our SUM earnings forecast. How were Summit Materials' earnings last quarter? Summit Materials, Inc. (NYSE:SUM) issued its quarterly earnings results on Wednesday, May, 1st. The construction company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.11. The construction company had revenue of $773.23 million for the quarter, compared to the consensus estimate of $803.98 million. Summit Materials had a trailing twelve-month return on equity of 7.33% and a net margin of 8.36%. The firm's revenue for the quarter was up 89.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) EPS. 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), Congress SMid Growth ETF (CSMD), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Thrivent Small-Mid Cap ESG ETF (TSME), Nuveen Small Cap Select ETF (NSCS), Vanguard Russell 2000 Value ETF (VTWV) and iShares Russell 2000 Value ETF (IWN). 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 served 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. (7.02%), Price T Rowe Associates Inc. MD (5.04%), Principal Financial Group Inc. (3.06%), Janus Henderson Group PLC (1.62%), Hood River Capital Management LLC (0.42%) and Mirae Asset Global Investments Co. Ltd. (0.33%). Insiders that own company stock include Anne K Wade, Howard L Lance, Jason Kilgore 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 6/10/2024 by MarketBeat.com Staff From Our PartnersIt's time to ween off Chinese lithium!As the lithium rush continues, this small-cap NASDAQ-traded company may be one of the brightest and most promi...Smallcaps Daily | SponsoredTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredTop 5 AI Stocks to Buy for 2024The electric vehicle boom is accelerating – and fast.Market Moving Trends | SponsoredNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analys...Hedgeye | SponsoredThe Only Energy Play You Should Be Looking AtOpen AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has alr...Wealthpin Pro | SponsoredYou won't believe what Citigroup just did to it's depositorsThe FEDNOW Biden Dollar ends cash in a matter of WEEKS Stumbling Biden's dollar next phases begins Oct 21st...American Alternative | SponsoredWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. 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