Summit Materials Inc (NYSE: SUM) is 31.54% higher on its value in year-to-date trading and has touched a low of $34.38 and a high of $53.49 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 $50.50 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $50.59, the stock is -0.35% and 5.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 0.18% at the moment leaves the stock 22.39% off its SMA200. SUM registered 31.33% gain for a year compared to 6-month gain of 43.31%. The firm has a 50-day simple moving average (SMA 50) of $47.7732 and a 200-day simple moving average (SMA200) of $41.29715.
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The stock witnessed a -1.11% loss in the last 1 month and extending the period to 3 months gives it a 31.16%, and is -0.32% 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 0.59% over the week and 0.51% over the month.
Summit Materials Inc (SUM) has around 5300 employees, a market worth around $8.88B and $3.75B in sales. Current P/E ratio is 61.37 and Fwd P/E is 24.16. Profit margin for the company is 3.92%. Distance from 52-week low is 47.15% and -5.42% from its 52-week high. The company has generated returns on investments over the last 12 months (2.01%).
with sales reaching $1.03B over the same period.The EPS is expected to grow by 6.75% this year, but quarterly earnings will post 63.34% year-over-year. Quarterly sales are estimated to grow 68.18% in year-over-year returns.
Summit Materials Inc (SUM) Top Institutional Holders
441.0 institutions hold shares in Summit Materials Inc (SUM), with institutional investors hold 104.43% of the company’s shares. The shares outstanding are 175.60M, and float is at 119.58M with Short Float at 2.88%. Institutions hold 71.14% 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
The most recent transaction is an insider sale by Gaskill Christopher Burke. SEC filings show that Gaskill Christopher Burke sold 1,536 shares of the company’s common stock on Dec 10 ’24 at a price of $50.91 per share for a total of $78198.0. Following the sale, the insider now owns 40221.0 shares.
Still, SEC filings show that on Oct 01 ’24, Ghelani Kekin (Officer) Proposed Sale 17,936 shares at an average price of $38.71 for $0.69 million. The insider now directly holds shares of Summit Materials Inc (SUM).
