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Summit Materials (SUM) Stock

Profile

Country:

United States

IPO:

12 March 2015

Indexes:

Not included

Description:

Summit Materials is a construction materials company that produces and supplies aggregates, cement, and ready-mix concrete. They focus on providing high-quality products for building and infrastructure projects, helping to support communities and promote sustainable construction practices across the United States and Canada.

Key Details

Price

$51.05

Annual Revenue

$2.62 B(+8.58% YoY)

Annual EPS

$2.39(+5.75% YoY)

PE Ratio

62.26(+361.19% YoY)

Beta

1.53

Events Calendar

Earnings

Next earnings date:

Feb 14, 2025

Recent quarterly earnings:

Oct 30, 2024

Recent annual earnings:

Feb 14, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Dec 14, 2022

Analyst ratings

Recent major analysts updates

26 Nov '24 Wolfe Research
Peer Perform
26 Nov '24 Truist Securities
Hold
26 Nov '24 Loop Capital
Hold
26 Nov '24 Longbow Research
Neutral
26 Nov '24 Citigroup
Neutral
25 Nov '24 RBC Capital
Sector Perform
25 Nov '24 JP Morgan
Neutral
05 Nov '24 DA Davidson
Neutral
01 Nov '24 Truist Securities
Buy
01 Nov '24 RBC Capital
Outperform

Market Data

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Institutional Ownership

The Schall Law Firm Urges Shareholder Participation In An Inquiry Into Summit Materials Inc's Securities Law Violations
The Schall Law Firm Urges Shareholder Participation In An Inquiry Into Summit Materials Inc's Securities Law Violations
The Schall Law Firm Urges Shareholder Participation In An Inquiry Into Summit Materials Inc's Securities Law Violations
SUM
accesswire.com28 November 2024

LOS ANGELES, CA / ACCESSWIRE / November 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.

Summit Announces Agreement to be Acquired by Quikrete for $11.5B
Summit Announces Agreement to be Acquired by Quikrete for $11.5B
Summit Announces Agreement to be Acquired by Quikrete for $11.5B
SUM
zacks.com26 November 2024

SUM is set to be acquired by Quikrete by the first half of 2025 for $11.5 billion.

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Summit Materials, Inc. - SUM
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Summit Materials, Inc. - SUM
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Summit Materials, Inc. - SUM
SUM
prnewswire.com25 November 2024

NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Summit Materials, Inc. (NYSE: SUM ), relating to the proposed merger with Quikrete Holdings.

SUM Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Summit Materials to Quikrete Holdings
SUM Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Summit Materials to Quikrete Holdings
SUM Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Summit Materials to Quikrete Holdings
SUM
globenewswire.com25 November 2024

MONSEY, N.Y., Nov. 25, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Summit Materials, Inc. (NYSE: SUM) (“Summit”) to Quikrete Holdings (“Quikrete”) for $52.50 per share in cash.

SUM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Summit Materials, Inc. Is Fair to Shareholders
SUM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Summit Materials, Inc. Is Fair to Shareholders
SUM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Summit Materials, Inc. Is Fair to Shareholders
SUM
businesswire.com25 November 2024

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Summit Materials, Inc. (NYSE: SUM) to Quikrete Holdings, Inc. for $52.50 per share in cash is fair to Summit shareholders. Halper Sadeh encourages Summit shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected]. The investigation concerns whether Summit a.

Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials
Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials
Quikrete bulks up even more ahead of potential construction boom by buying Summit Materials
SUM
marketwatch.com25 November 2024

With interest rates coming down, the largest concrete company is buying Summit at a deal value of $11.5 billion including debt.

Concrete-Maker Quikrete Strikes $9.2 Billion Deal for Summit Materials
Concrete-Maker Quikrete Strikes $9.2 Billion Deal for Summit Materials
Concrete-Maker Quikrete Strikes $9.2 Billion Deal for Summit Materials
SUM
wsj.com25 November 2024

The combination would create a behemoth producer of construction materials in North America.

Summit Materials Responds to Media Reports
Summit Materials Responds to Media Reports
Summit Materials Responds to Media Reports
SUM
prnewswire.com21 November 2024

DENVER , Nov. 21, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today issued the following statement in response to media reports: "Summit previously disclosed receipt of a non-binding acquisition proposal and confirmed the Company has held initial discussions with the interested party. Summit does not plan to provide any updates with respect to this matter, except as required under applicable law.

Summit Materials, Inc. (SUM) Q3 2024 Earnings Call Transcript
Summit Materials, Inc. (SUM) Q3 2024 Earnings Call Transcript
Summit Materials, Inc. (SUM) Q3 2024 Earnings Call Transcript
SUM
seekingalpha.com31 October 2024

Summit Materials, Inc. (NYSE:SUM ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Andy Larkin – Vice President of Investor Relations Anne Noonan – Chief Executive Officer Scott Anderson – Chief Financial Officer Conference Call Participants Philip Ng – Jefferies Trey Grooms – Stephens Garik Shmois – Loop Capital Asher Sohnen – Citigroup Kathryn Thompson – Thompson Research Group Angel Castillo – Morgan Stanley Timna Tanners – Wolfe Research Rohit Seth – Seaport Research Partners Keith Hughes – Truist Securities Adam Thalhimer – Thompson Davis & Co. Jerry Revich – Goldman Sachs Mike Dahl – RBC Capital Markets Operator Thank you for standing by. My name is Mandeep, and I'll be your operator today.

Summit Materials, Inc. Reports Third Quarter 2024 Results
Summit Materials, Inc. Reports Third Quarter 2024 Results
Summit Materials, Inc. Reports Third Quarter 2024 Results
SUM
prnewswire.com30 October 2024

Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER , Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise.

FAQ

  • What is the primary business of Summit Materials?
  • What is the ticker symbol for Summit Materials?
  • Does Summit Materials pay dividends?
  • What sector is Summit Materials in?
  • What industry is Summit Materials in?
  • What country is Summit Materials based in?
  • When did Summit Materials go public?
  • Is Summit Materials in the S&P 500?
  • Is Summit Materials in the NASDAQ 100?
  • Is Summit Materials in the Dow Jones?
  • When was Summit Materials's last earnings report?
  • When does Summit Materials report earnings?
  • Should I buy Summit Materials stock now?

What is the primary business of Summit Materials?

Summit Materials is a construction materials company that produces and supplies aggregates, cement, and ready-mix concrete. They focus on providing high-quality products for building and infrastructure projects, helping to support communities and promote sustainable construction practices across the United States and Canada.

What is the ticker symbol for Summit Materials?

The ticker symbol for Summit Materials is NYSE:SUM

Does Summit Materials pay dividends?

No, Summit Materials does not pay dividends

What sector is Summit Materials in?

Summit Materials is in the Basic Materials sector

What industry is Summit Materials in?

Summit Materials is in the Building Materials industry

What country is Summit Materials based in?

Summit Materials is headquartered in United States

When did Summit Materials go public?

Summit Materials's initial public offering (IPO) was on 12 March 2015

Is Summit Materials in the S&P 500?

No, Summit Materials is not included in the S&P 500 index

Is Summit Materials in the NASDAQ 100?

No, Summit Materials is not included in the NASDAQ 100 index

Is Summit Materials in the Dow Jones?

No, Summit Materials is not included in the Dow Jones index

When was Summit Materials's last earnings report?

Summit Materials's most recent earnings report was on 30 October 2024

When does Summit Materials report earnings?

The next expected earnings date for Summit Materials is 14 February 2025

Should I buy Summit Materials stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions