Summit Materials (SUM) Stock Price, News & Analysis

Company Overview

Summit Materials, Inc. is a vertically integrated construction materials company, which engages in manufacturing construction materials and related downstream products. It operates through the following segments: West, East, and Cement. The West segment includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada. The East segments refers to its East and Central regions and serves markets extending across the Midwestern and Eastern United States. The Cement segment is involved in Hannibal, Missouri and Davenport, Iowa cement plants, and distribution terminals along the Mississippi River from Minnesota to Louisiana. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.

Key Stats

• Today's Range: $50.35 to $50.74
• 50-Day Range: $38.89 to $51.64
• 52-Week Range: $34.38 to $53.49
• Volume: 4.14 million shs
• Average Volume: 1.46 million shs
• Market Capitalization: $8.87 billion
• P/E Ratio: 61.59
• Dividend Yield: N/A
• Price Target: $50.54
• Consensus Rating: Hold

Summit Materials Stock Analysis - MarketRank™

Summit Materials scored higher than 63% of companies evaluated by MarketBeat, and ranked 72nd out of 99 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: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Summit Materials has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 4 buy ratings, 10 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Summit Materials has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 20.48%

Earnings Growth

Earnings for Summit Materials are expected to grow by 20.48% in the coming year, from $1.66 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Summit Materials is 61.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Summit Materials is 61.59, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.66.

Price to Book Value per Share Ratio

Summit Materials has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.96% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Summit Materials has recently increased by 8.15%, indicating that investor sentiment is decreasing 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

1.96% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Summit Materials has recently increased by 8.15%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.31

News Sentiment

Summit Materials has a news sentiment score of 0.31. 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 0.78 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Summit Materials this week, compared to 7 articles on an average week.

Search Interest

Only 3 people have searched for SUM on MarketBeat in the last 30 days. This is a decrease of -57% 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 50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $78,198.00 in 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 shares have increased by 31.3% and is now trading at $50.50.
View the best growth stocks for 2024 here.

How were Summit Materials' earnings last quarter?

Summit Materials, Inc. (NYSE:SUM) issued its quarterly 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 firm's revenue 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 $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?

Top institutional shareholders of Summit Materials include Massachusetts Financial Services Co. MA (4.35%), Principal Financial Group Inc. (3.01%), Principal Financial Group Inc. (3.01%) and River Road Asset Management LLC (2.03%). Insiders that own company stock include Jason Kilgore and Christopher Burke Gaskill.
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: 12/21/2024
• Fiscal Year End: 12/31/2024

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: $50.54
• High Stock Price Target: $52.50
• Low Stock Price Target: $47.00
• Potential Upside/Downside: +0.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.29
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.82
• Trailing P/E Ratio: 61.59
• Forward P/E Ratio: 30.42
• 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: $3.75 billion
• Price / Sales: 2.36
• Cash Flow: $3.46 per share
• Price / Cash Flow: 14.59
• Book Value: $19.38 per share
• Price / Book: 2.61

Miscellaneous

• Outstanding Shares: 175,605,000
• Free Float: 174,639,000
• Market Cap: $8.87 billion
• Optionable: Optionable
• Beta: 1.14