Summit Materials Inc (SUM) Stock Split History

Summit Materials Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on December 08, 2016 with the ratio of 101-for-100, meaning that for 100 shares of SUM owned pre-split, shareholders then owned 101 shares. 2 more splits have been implemented since then. The most recent stock split took place on December 14, 2022 on a 51-for-50 basis.

These splits have increased SUM stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Summit Materials Inc's total market capitalization.

For more detailed information of Summit Materials Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Summit Materials Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SUM stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Summit Materials Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.