Summit Materials (NYSE:SUM) Now Covered by StockNews.com (2026)

Stock analysts at StockNews.com began coverage on shares of Summit Materials (NYSE:SUM – Get Free Report) in a research note issued to investors on Monday. The brokerage set a “sell” rating on the construction company’s stock.

Separately, Stephens downgraded shares of Summit Materials from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.67.

Get Our Latest Stock Report on Summit Materials

Summit Materials Stock Up 0.2 %

Shares of NYSE:SUM opened at $52.54 on Monday. The company has a current ratio of 3.10, a quick ratio of 2.48 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $52.54 and a two-hundred day simple moving average of $50.67. Summit Materials has a 12-month low of $34.64 and a 12-month high of $54.07. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 64.07 and a beta of 1.13.

Institutional Investors Weigh In On Summit Materials

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC bought a new stake in shares of Summit Materials during the 4th quarter valued at $25,000. Versant Capital Management Inc increased its position in Summit Materials by 179.2% in the fourth quarter. Versant Capital Management Inc now owns 550 shares of the construction company’s stock worth $28,000 after buying an additional 353 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Summit Materials in the fourth quarter worth about $56,000. R Squared Ltd purchased a new position in shares of Summit Materials during the 4th quarter valued at about $57,000. Finally, Covestor Ltd increased its holdings in Summit Materials by 207.7% in the 4th quarter. Covestor Ltd now owns 1,831 shares of the construction company’s stock worth $93,000 after acquiring an additional 1,236 shares in the last quarter.

Summit Materials Company Profile

(Get Free Report)

Summit Materials, Inc is a vertically integrated construction materials company, which engages in manufacturing construction materials and related downstream products. It operates through the following segments: West, East, and Cement. The West segment includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada.

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