Streetbeat News

SUM

Summit Materials, Inc.

https://summit-materials.com

Industry

Construction Materials

Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

Open

50.86

Mkt cap

8.9B

Volume

1.9M

High

50.92

P/E Ratio

59.74

52-wk high

53.49

Low

50.75

Div yield

N/A

52-wk low

34.38

Summit Materials (NYSE:SUM) has outperformed the market over the past 5 years, delivering an average annual return of 17.64%. An investment of $100 in SUM 5 years ago would be worth $228.70 today. The company currently has a market capitalization of $7.23 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 4:00 pm

Summit Materials (NYSE:SUM) has outperformed the market over the past 5 years with an average annual return of 16.61%, resulting in a $100 investment growing to $215.46. The company currently has a market capitalization of $6.73 billion.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 7:00 pm

Top Wall Street analysts have updated their price targets and ratings for several major stocks, including Tesla, On Holding, NIKE, Reliance, Summit Materials, First Solar, Lululemon, First Foundation, Charter Communications, and Walgreens Boots Alliance. These changes could impact the short-term stock prices of these companies.

Portfolio Pulse from Avi Kapoor

July 03, 2024 | 1:17 pm

Four analysts have recently published ratings on Summit Materials (NYSE:SUM), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $48.5, reflecting a slight increase from the previous target. Analysts have adjusted their ratings and price targets based on recent developments.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 1:00 pm

Stifel analyst Stanley Elliott maintains a Buy rating on Summit Materials (NYSE:SUM) but lowers the price target from $55 to $47.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 10:54 am

Summit Materials (NYSE:SUM) has seen a 3.52% increase in its short percent of float, now at 3.82% of all regular shares available for trading. This is higher than the peer group average of 2.00%. It would take traders 4.64 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:45 pm

The Tema American Reshoring ETF (NYSE:RSHO) has outperformed the S&P 500 Index over the past year, achieving a 32% annual gain without holding any of the Magnificent Seven stocks. The ETF focuses on companies involved in reshoring manufacturing to the U.S. due to supply chain insecurity, trade wars, and geopolitical tensions. Key holdings include Eaton Corp (NYSE:ETN), Parker-Hannifin Corp (NYSE:PH), Summit Materials Inc. (NYSE:SUM), and Clean Harbors Inc. (NYSE:CLH).

Portfolio Pulse from Piero Cingari

June 03, 2024 | 5:46 pm

Summit Materials (NYSE:SUM) has seen a 6.59% decrease in its short percent of float, now at 3.97%. This indicates a potential shift in market sentiment as fewer shares are being shorted. The company's short interest is higher than its peers, which average 1.92%.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 6:45 pm

Stephens & Co. analyst Trey Grooms maintains an Overweight rating on Summit Materials (NYSE:SUM) and raises the price target from $47 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:54 pm

Summit Materials (NYSE:SUM) has been analyzed by 13 analysts over the last three months, showing a mix of bullish to bearish sentiments. Recent updates include raised price targets and ratings by several analysts, reflecting a positive outlook on the company's performance. The average 12-month price target is now $46.0, up 7.23% from the previous $42.90, indicating an upward trend in expectations. Summit Materials operates in the production and sale of construction materials and has shown a revenue growth of 19.53% as of December 31, 2023, outperforming industry averages despite challenges in net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 5:00 pm

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