Summit Materials Inc (NYSE: SUM) is 11.05% higher on its value in year-to-date trading and has touched a low of $25.43 and a high of $43.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SUM stock was last observed hovering at around $42.39 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $42.71, the stock is 9.09% and 12.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 0.75% at the moment leaves the stock 20.62% off its SMA200. SUM registered 44.58% gain for a year compared to 6-month gain of 15.46%. The firm has a 50-day simple moving average (SMA 50) of $3.59 and a 200-day simple moving average (SMA200) of $12.79.
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The stock witnessed a 13.71% loss in the last 1 month and extending the period to 3 months gives it a 23.98%, and is 2.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 2.99% over the month.
Summit Materials Inc (SUM) has around 5300 employees, a market worth around $7.44B and $2.62B in sales. Current P/E ratio is 17.89 and Fwd P/E is 17.26. Profit margin for the company is 10.91%. Distance from 52-week low is 67.95% and -0.86% from its 52-week high. The company has generated returns on investments over the last 12 months (6.16%).
Summit Materials Inc quarterly earnings per share for the current quarter are estimated at -$0.24 with sales reaching $842.35M over the same period.The EPS is expected to grow by 33.66% this year, but quarterly earnings will post 70.90% year-over-year. Quarterly sales are estimated to grow 100.10% in year-over-year returns.
403 institutions hold shares in Summit Materials Inc (SUM), with institutional investors hold 102.92% of the company’s shares. The shares outstanding are 119.53M, and float is at 118.67M with Short Float at 3.28%. Institutions hold 69.96% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.79 million shares valued at $446.19 million. The investor’s holdings represent 9.91% of the SUM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.62 million shares valued at $363.98 million to account for 8.09% of the shares outstanding. The other top investors are Capital International Investors which holds 7.45 million shares representing 6.27% and valued at over $282.14 million, while Dimensional Fund Advisors LP holds 5.03% of the shares totaling 5.98 million with a market value of $226.32 million.
Summit Materials Inc (SUM) Insider Activity
A total of 4 insider transactions have happened at Summit Materials Inc (SUM) in the last six months, with sales accounting for 1 and purchases happening 3 times.
Summit Materials Inc (SUM): Who are the competitors?
One of the company’s main competitors (and peers) include Caterpillar Inc. (CAT) that is trading 32.43% up over the past 12 months.L.B. Foster Co. (FSTR) lies in the list of competitors of the Summit Materials Inc and is 89.84% higher over the same period from SUMManitowoc Co. (MTW) is -28.14% down on the 1-year trading charts.
