Summit Materials (SUM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $47.94 to $48.61
• 50-Day Range: $36.08 to $50.99
• 52-Week Range: $33.93 to $51.74
• Volume: 753,949 shs
• Average Volume: 1.91 million shs
• Market Capitalization: $8.50 billion
• P/E Ratio: 59.04
• Dividend Yield: N/A
• Price Target: $50.38
• Consensus Rating: Moderate Buy

Summit Materials Stock Analysis - MarketRank™

Summit Materials scored higher than 78% of companies evaluated by MarketBeat, and ranked 47th out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Summit Materials has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Summit Materials has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 30.49%

Earnings Growth

Earnings for Summit Materials are expected to grow by 30.49% in the coming year, from $1.64 to $2.14 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Summit Materials is 59.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Summit Materials is 59.04, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.79.

Price to Book Value per Share Ratio

Summit Materials has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.12% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Summit Materials has recently decreased by 5.34%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Summit Materials does not currently pay a dividend.

Dividend Growth

Summit Materials does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -7.04

Percentage of Shares Shorted

2.12% 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 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Summit Materials has recently decreased by 5.34%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.58

News Sentiment

Summit Materials has a news sentiment score of 1.58. 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 0.81 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Summit Materials this week, compared to 6 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 133% compared to the previous 30 days.

MarketBeat Follows

3 people have added Summit Materials to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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 0.55% of the stock of Summit Materials is held by insiders.

SUM Stock Analysis - Frequently Asked Questions

How have SUM shares performed this year?

Summit Materials' stock was trading at $38.46 at the beginning of the year. Since then, SUM stock has increased by 25.9% and is now trading at $48.41.
View the best growth stocks for 2024 here.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) posted its earnings results on Wednesday, October, 30th. The construction company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The company's revenue for the quarter was up 49.9% compared to the same quarter last year.

When did Summit Materials IPO?

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

Top institutional investors of Summit Materials include Massachusetts Financial Services Co. MA (4.35%), Principal Financial Group Inc. (3.01%), River Road Asset Management LLC (2.03%) and Victory Capital Management Inc. (1.71%).
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.

What other stocks do shareholders of Summit Materials own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Summit Materials investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), ServiceNow (NOW) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• 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: $50.38
• High Stock Price Target: $60.00
• Low Stock Price Target: $43.00
• Potential Upside/Downside: +4.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.82
• Trailing P/E Ratio: 59.04
• Forward P/E Ratio: 29.52
• P/E Growth: N/A
• Net Income: $289.63 million
• Net Margins: 3.92%
• Pretax Margin: 6.94%
• Return on Equity: 6.90%
• Return on Assets: 3.52%

Debt

• Debt-to-Equity Ratio: 0.62
• Current Ratio: 3.10
• Quick Ratio: 2.48

Sales & Book Value

• Annual Sales: $2.62 billion
• Price / Sales: 3.25
• Cash Flow: $3.48 per share
• Price / Cash Flow: 13.92
• Book Value: $19.38 per share
• Price / Book: 2.50

Miscellaneous

• Outstanding Shares: 175,600,000
• Free Float: 174,639,000
• Market Cap: $8.50 billion
• Optionable: Optionable
• Beta: 1.14