Summit Materials Stock Today
| SUM Stock | USD 48.40 0.01 0.02% |
Performance10 of 100
| Odds Of DistressLess than 9
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Summit Materials is selling at 48.40 as of the 21st of November 2024; that is 0.02 percent increase since the beginning of the trading day. The stock's lowest day price was 47.94. Summit Materials has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Summit Materials are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Materials | IPO Date 12th of March 2015 | Category Basic 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. The company was founded in 2009 and is headquartered in Denver, Colorado. The company has 175.6 M outstanding shares of which 3.72 M shares are at this time shorted by investors with about 2.22 days to cover. More on Summit Materials
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Summit Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Thomas Hill | ||||
| Thematic Ideas | Showing 3 out of 5 themes | ||||
| Old Name | Solium Capital Inc | ||||
| Business Concentration | Construction Materials, Building Materials, Basic Materials, NYSE Composite, Plastics, Aluminum, Silver, Copper, Non-Metallic and Industrial Metal Mining, Materials, Construction Materials, Building Materials, Basic Materials (View all Sectors) | ||||
| Average Analyst Recommendation | |||||
Debt LevelsSummit Materials can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Summit Materials' financial leverage. It provides some insight into what part of Summit Materials' total assets is financed by creditors.
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Summit Materials (SUM) is traded on New York Stock Exchange in USA. It is located in 1801 California Street, Denver, CO, United States, 80202 and employs 5,300 people. Summit Materials is listed under Construction Materials category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 8.5 B. Summit Materials runs under Construction Materials sector within Materials industry. The entity has 175.6 M outstanding shares of which 3.72 M shares are at this time shorted by investors with about 2.22 days to cover.
Summit Materials has about 520.45 M in cash with 438.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.93.
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Ownership AllocationSummit Materials shows a total of 175.6 Million outstanding shares. The majority of Summit Materials outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Summit Materials to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Summit Materials. Please pay attention to any change in the institutional holdings of Summit Materials as this could imply that something significant has changed or is about to change at the company. Also note that roughly five million one hundred ninety-seven thousand nine hundred eight invesors are currently shorting Summit Materials expressing very little confidence in its future performance.
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Summit Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Frontier Capital Management Co Inc | 2024-09-30 | 2.8 M | |
| Geode Capital Management, Llc | 2024-06-30 | 2.8 M | |
| State Street Corp | 2024-06-30 | 2.8 M | |
| Hhg Plc | 2024-06-30 | 2.8 M | |
| Millennium Management Llc | 2024-06-30 | 2.8 M | |
| Nuveen Asset Management, Llc | 2024-06-30 | 1.9 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 1.8 M | |
| Alliancebernstein L.p. | 2024-06-30 | 1.7 M | |
| Ameriprise Financial Inc | 2024-06-30 | 1.6 M | |
| Vanguard Group Inc | 2024-09-30 | 12.3 M | |
| Blackrock Inc | 2024-06-30 | 10.3 M |
Summit Materials Historical Income Statement
Summit Stock Against Markets
Summit Materials Corporate Directors
| Susan Ellerbusch | Independent Director | Profile | |
| Anne Wade | Independent Director | Profile | |
| Joseph Cantie | Independent Director | Profile | |
| Steven Wunning | Independent Director | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Construction Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Materials. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.69) | Earnings Share 0.85 | Revenue Per Share 23.53 | Quarterly Revenue Growth 0.474 | Return On Assets 0.0464 |
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.