Summit Materials Inc (NYSE: SUM) is -3.02% lower on its value in year-to-date trading and has touched a low of $30.81 and a high of $44.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SUM stock was last observed hovering at around $37.82 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $37.30, the stock is -1.79% and -3.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -1.37% at the moment leaves the stock -4.45% off its SMA200. SUM registered 19.09% gain for a year compared to 6-month loss of -12.73%. The firm has a 50-day simple moving average (SMA 50) of $38.6094 and a 200-day simple moving average (SMA200) of $39.03115.
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The stock witnessed a -1.24% gain in the last 1 month and extending the period to 3 months gives it a 3.10%, and is -3.34% down 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 2.72% over the week and 3.01% over the month.
Summit Materials Inc (SUM) has around 5300 employees, a market worth around $6.55B and $3.38B in sales. Current P/E ratio is 17.36 and Fwd P/E is 16.76. Profit margin for the company is 8.06%. Distance from 52-week low is 21.06% and -16.91% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
The EPS is expected to grow by 6.59% this year
405.0 institutions hold shares in Summit Materials Inc (SUM), with institutional investors hold 103.92% of the company’s shares. The shares outstanding are 119.53M, and float is at 119.52M with Short Float at 3.46%. Institutions hold 70.75% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.23 million shares valued at $447.69 million. The investor’s holdings represent 6.9658 of the SUM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.27 million shares valued at $376.13 million to account for 5.8524 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.83 million shares representing 5.0317 and valued at over $323.38 million, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 4.1075 of the shares totaling 7.21 million with a market value of $263.99 million.
Summit Materials Inc (SUM) Insider Activity
Summit Materials Inc disclosed in a document filed with the SEC on May 13 ’24 that Kilgore Jason () sold a total of 50,589 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $40.21 per share for $2.03 million. Following the transaction, the insider now directly holds 60630.0 shares of the SUM stock.
