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How to Buy Summit Materials Stock

Summit Materials Inc

Summit Materials is a building material company located in Colorado, United States, which is part of the Basic Materials sector, and is traded under the ticker SUM on the NYSE exchange.

Summit Materials stock last closed at $44.03, up 1.31% from the previous day, and has increased 59.82% in one year. It has underperformed other stocks in the Building Materials industry by 0.17 percentage points. Summit Materials stock is currently +73.14% from its 52-week low of $25.43, and -0.88% from its 52-week high of $44.42.

As of Mar 27, 2024, there are 174.27M SUM shares outstanding. The market value of SUM is $7.67B. In the past 24 hours, 860,193 SUM shares were traded.

How to Buy Summit Materials Stock

Wondering how to invest in Summit Materials stock? Here's how.
  1. Decide where to buy Summit Materials stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Summit Materials stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Choose your method of payment and add your info.
  4. Research Summit Materials stock: The Summit Materials ticker symbol is SUM. Is Summit Materials stock a good investment? Should you buy shares of SUM? How do SUM's underlying business fundamentals look? Do top analysts think Summit Materials is a good buy? Why has SUM's stock price moved recently? (Hint: Our stock analysis website can help you understand if SUM is a good stock to buy).
  5. Place your SUM trade: Decide if you will purchase SUM shares at the current market price or use a limit order to buy SUM shares at a given price.
  6. Keep an eye on your SUM investment: Create a watchlist to important notifications about your position in Summit Materials shares.

Step 1: Decide where to buy Summit Materials stock

You need an online brokerage account to access the NYSE market and buy SUM shares.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked the best brokerage, it's time to fill out some personal info so you are able to invest in SUM today.

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  2. Provide your personal data to start a new brokerage account.
  1. Submit your details by pressing the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have created your account on app for stock market, you need to deposit funds:

Watch the tutorial below for more details depositing funds into your new investment account.

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Step 4: Research Summit Materials stock

Once you have decided on the best place to buy Summit Materials stock, it's critical to analyze their stock before you invest, so you can understand the risk and opportunity.

Summit Materials quick stats

SUM Price
$44.03
1w %
3.31%
1y %
59.82%
5y %
199.12%
P/E
18.35x
P/B
3.33x
P/S
2x
PEG
N/A
Revenue
$2.62B
Earnings
$285.86M
Fore. Rev. Growth
33.8%
Fore. Earn. Growth
-43.5%
Market Cap
$7.67B
Next Earnings
May 1, 2024
Next Dividend
N/A

Summit Materials Zen Score

WallStreetZen was built to help average investors do more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on SUM's stock page.

How is SUM stock valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SUM's intrinsic value.

Using relative valuations measures:

  • SUM may be undervalued based on its P/E ratio of 18.35x, relative to Building Materials industry P/E ratio of 28.75x
  • SUM could be undervalued based on its P/B ratio of 3.33x, relative to Building Materials industry P/B ratio of 3.41x

You can do additional valuation research on SUM's stock here.

SUM Financial Health Summary

Passed Health Checks:

  • There are more short-term assets than short-term liabilities on the SUM balance sheet.
  • Total SUM debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • SUM has a relatively high debt to equity ratio of 1.23.
  • There are more long-term liabilities than short-term assets on the SUM balance sheet.
  • SUM's operating cash flow of $438.86M allows it to safely service it's debt of $2.33B.
  • SUM earnings of $504.85M is not enough to cover its interest payments.
  • SUM profit margin has gone down from 11.3% to 10.9% in the past year.

Is SUM stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 6 Equities analysts who give ratings on SUM, the consensus analyst rating on SUM is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent SUM Analyst Upgrades/Downgrades

Trey Grooms, a top 2% analyst from Stephens & Co. reiterates SUM with a strong buy rating and maintains their SUM price target from $45.00 to $45.00, on Feb 15, 2024.

You can dive deeper into what analysts are forecasting on the Summit Materials stock forecast page.

Metrics for Advanced SUM Traders

SMA10
42.58
SMA20
42.74
SMA50
40.01
SMA100
38.01
SMA200
36.42
MACD
0.82
MACD Signal
0.83
MACD Histogram
-0.01
RSI
63.81
Stochastic %K
80.56
Stochastic %D
75.5
StochRSI %K
73.44
StochRSI %D
67.22

Is SUM Making Money?

Last year, SUM earnings were $285.86M. In the last 5 year, SUM's earnings have increased by 52.08% per year. This was faster than the Building Materials industry average of 14.64%.

Last year, SUM revenue was $2.62B. During the last five year, SUM's revenue has grown by 4.51% per year. This was slower than the Building Materials industry average of 9.42%.

Find out more about SUM's earnings and revenue performance here.

What are SUM executives and large shareholders up to?

In the past year, insiders at SUM have sold more shares than they have bought.

Craig Scott Anderson, EVP Chief Financial Officer of SUM, was the latest SUM insider to sell. They sold $142,218.45 worth of SUM shares on Mar 7, 2024.

Research more about who owns SUM shares here.

Can I rely on SUM as an income stream?

No, Summit Materials doesn't provide an income stream by paying out dividends.

SUM Social Trading Data

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Place your SUM trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.

Press the Open Trade button and your broker will execute the order.

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Step 6: Keep an eye on your SUM investment

Now that you own some shares in SUM, you'll want to stay up-to-date on your company.

Put SUM on a watchlist to get notified of important updates regarding your SUM stock.

SUM Feed

How to Buy Stock in Summit Materials

To summarize, here are the 6 steps to buy stock in Summit Materials:

  1. Decide where to buy Summit Materials stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Research Summit Materials stock
  5. Place your SUM trade
  6. Keep an eye on your SUM investment

If you need a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your investment in Summit Materials, hit the button below to create your watchlist.

NYSE: SUM
$44.03+0.57 (+1.31%)
Updated Mar 27, 2024
Open eToro Account
NYSE: SUM
$44.03+0.57 (+1.31%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Summit Materials share?

As of Mar 27, 2024, it costs $44.03 to buy one share of Summit Materials stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.227 shares of SUM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Summit Materials stock?

According to 6 Wall Street analysts who monitor Summit Materials, their consensus recommendation is to buy Summit Materials stock.

What is the best way to buy Summit Materials stock?

One way to place an order for Summit Materials stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.