Summit Materials Stock Today
| SUM Stock | USD 40.61 0.01 0.02% |
Performance4 of 100
| Odds Of DistressLess than 9
|
Summit Materials is selling at 40.61 as of the 12th of May 2024; that is 0.02% increase since the beginning of the trading day. The stock's lowest day price was 40.33. Summit Materials has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant 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 12th of February 2024 and ending today, the 12th of May 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 175.46 M outstanding shares of which 4.28 M shares are at this time shorted by investors with about 5.51 days to cover. More on Summit Materials
Moving together with Summit Stock
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| 0.77 | JHX | James Hardie Industries Financial Report 20th of May 2024 | PairCorr |
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Summit Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Summit Materials' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Summit Materials or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| 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, Silver, Copper, Plastics, Aluminum, Non-Metallic and Industrial Metal Mining, Materials, Construction Materials, Building Materials, Basic Materials (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Summit Materials report their recommendations after researching Summit Materials' financial statements, talking to executives and customers, or listening in on Summit Materials' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Summit Materials. The Summit consensus assessment is calculated by taking the average forecast from all of the analysts covering Summit Materials. | |||||
Summit Materials' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Summit Materials' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to 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 7.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Summit Materials's market, we take the total number of its shares issued and multiply it by Summit Materials's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Summit Materials runs under Construction Materials sector within Materials industry. The entity has 175.46 M outstanding shares of which 4.28 M shares are at this time shorted by investors with about 5.51 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 175.46 Million outstanding shares. Over half of Summit Materials' outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Summit Materials. Please watch out for any change in the institutional holdings of Summit Materials as this could mean something significant has changed or is about to change at the company. Also note that roughly one million seven hundred fifty-four thousand six hundred fifty invesors are currently shorting Summit Materials expressing very little confidence in its future performance.
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Summit Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Summit Materials jumping above the current price in 90 days from now is about 60.07%. The Summit Materials probability density function shows the probability of Summit Materials stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.8991. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Summit Materials will likely underperform. Additionally, summit Materials has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Summit Materials to move above the current price in 90 days from now is about 60.07 (This Summit Materials probability density function shows the probability of Summit Stock to fall within a particular range of prices over 90 days) .
Summit Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Summit Materials that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Summit Materials' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Summit Materials' value.| Instituion | Recorded On | Shares | |
| Clearbridge Advisors, Llc | 2023-12-31 | 3.2 M | |
| Fmr Inc | 2023-12-31 | 2.8 M | |
| State Street Corporation | 2023-12-31 | 2.7 M | |
| Geode Capital Management, Llc | 2023-12-31 | 2.5 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 2.2 M | |
| River Road Asset Management, Llc | 2024-03-31 | 1.8 M | |
| Ameriprise Financial Inc | 2023-12-31 | 1.8 M | |
| Northern Trust Corp | 2023-12-31 | 1.5 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 1.4 M | |
| Vanguard Group Inc | 2023-12-31 | 12 M | |
| Blackrock Inc | 2023-12-31 | 11.4 M |
Summit Materials Historical Income Statement
Summit Materials Income Statement is one of the three primary financial statements used for reporting Summit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Summit Materials revenue and expense. Summit Materials Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Summit Materials' Net Income is very stable compared to the past year. As of the 12th of May 2024, Income Tax Expense is likely to grow to about 110.1 M, while Interest Expense is likely to drop about 99 M. View More FundamentalsSummit Stock Against Markets
Picking the right benchmark for Summit Materials stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Summit Materials stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Summit Materials is critical whether you are bullish or bearish towards Summit Materials at a given time. Please also check how Summit Materials' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Summit Materials without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Summit Materials Corporate Directors
Summit Materials corporate directors refer to members of a Summit Materials board of directors. The board of directors generally takes responsibility for the Summit Materials' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Summit Materials' board members must vote for the resolution. The Summit Materials board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Susan Ellerbusch | Independent Director | Profile | |
| Anne Wade | Independent Director | Profile | |
| Joseph Cantie | Independent Director | Profile | |
| Steven Wunning | Independent Director | Profile |
How to buy Summit Stock?
Before investing in Summit Materials, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Summit Materials. To buy Summit Materials stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Summit Materials. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Summit Materials stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Summit Materials stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Summit Materials stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Summit Materials, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Summit Stock please use our How to Invest in Summit Materials guide.
Already Invested in Summit Materials?
The danger of trading Summit Materials is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Summit Materials is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Summit Materials. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Summit Materials is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports: 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 tightly coupled 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Summit Stock analysis
When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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Is Summit Materials' industry 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 (0.90) | Earnings Share 2.25 | Revenue Per Share 22.773 | Quarterly Revenue Growth 0.849 | Return On Assets 0.0366 |
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.