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Recent Analyst Ratings for $SUM
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/16/2024 | $58.00 → $52.50 | Buy → Hold | Jefferies |
10/29/2024 | $45.00 → $52.00 | Equal Weight → Overweight | Barclays |
10/25/2024 | $45.00 → $53.00 | Sector Perform → Outperform | RBC Capital Mkts |
8/26/2024 | $51.00 | Overweight | Morgan Stanley |
5/15/2024 | $49.00 | Peer Perform → Outperform | Wolfe Research |
2/23/2024 | $40.00 → $47.00 | Overweight | JP Morgan |
1/12/2024 | $43.00 → $38.00 | Outperform → Sector Perform | RBC Capital Mkts |
10/24/2023 | $47.00 | Neutral → Buy | Seaport Research Partners |
Summit Materials Completes Merger with Quikrete
DENVER, Feb. 10, 2025 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced the closing of its previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete") for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. Summit's common stock has ceased trading on the NYSE and will no longer be listed on any public market. Additionally, the Company has become a privately held subsidiary of Quikre
Summit Materials Announces Stockholder Approval of Quikrete Transaction
DENVER, Feb. 5, 2025 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced that the Company has obtained all requisite stockholder approvals in connection with the proposed acquisition by Quikrete Holdings, Inc. ("Quikrete"). Summit will disclose the final, certified voting results on a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"). As previously announced, the proposed transaction is expected to close within the first quarter of 2025, subject to the sa
Summit Materials Announces Expiration of the Competition Act (Canada) Waiting Period for Acquisition by Quikrete
DENVER, Jan. 9, 2025 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced the expiration of the waiting period under the Competition Act (Canada), as amended, in connection with Summit's previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete" or the "Purchaser") for $52.50 per share in cash (the "Merger"). The Merger is expected to close within the first quarter of 2025, subject to the satisfaction of remaining customary closing con
Summit Materials downgraded by Jefferies with a new price target
Jefferies downgraded Summit Materials from Buy to Hold and set a new price target of $52.50 from $58.00 previously
Summit Materials upgraded by Barclays with a new price target
Barclays upgraded Summit Materials from Equal Weight to Overweight and set a new price target of $52.00 from $45.00 previously
Summit Materials upgraded by RBC Capital Mkts with a new price target
RBC Capital Mkts upgraded Summit Materials from Sector Perform to Outperform and set a new price target of $53.00 from $45.00 previously
Director Ellerbusch Susan A returned $1,227,765 worth of shares to the company (23,386 units at $52.50), closing all direct ownership in the company (SEC Form 4)
4 - Summit Materials, Inc. (0001621563) (Issuer)
Director Cooney Anne M returned $709,012 worth of shares to the company (13,505 units at $52.50), closing all direct ownership in the company (SEC Form 4)
4 - Summit Materials, Inc. (0001621563) (Issuer)
Director Wade Anne K. returned $1,161,352 worth of shares to the company (22,121 units at $52.50), closing all direct ownership in the company (SEC Form 4)
4 - Summit Materials, Inc. (0001621563) (Issuer)
SEC Form 15-12G filed by Summit Materials Inc.
15-12G - Summit Materials, Inc. (0001621563) (Filer)
Amendment: SEC Form SCHEDULE 13G/A filed by Summit Materials Inc.
SCHEDULE 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SEC Form 25-NSE filed by Summit Materials Inc.
25-NSE - Summit Materials, Inc. (0001621563) (Subject)
Summit Materials Enters into Definitive Agreement to be Acquired by Quikrete for $52.50 Per Share in Cash
Compelling Premium Maximizes Value to Shareholders DENVER, Nov. 25, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM), ("Summit," "Summit Materials," "Summit Inc." or the "Company") a leading producer of aggregates and cement, today announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete") for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price2. The combination has been unanimously approved b
Astec Industries, Inc. (NASDAQ: ASTE) Announces Brian J. Harris as New Chief Financial Officer
CHATTANOOGA, Tenn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company. Mr. Harris previously served as Executive Vice President and Chief Financial Officer of Summit Materials, Inc. (NYSE:SUM) ("Summit"), a leading producer of aggregates and cement, from October 2013 to February 2023. Prior to his role at Summit, Mr.
Summit Materials Announces Board of Directors Appointments
DENVER, Jan. 17, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))) is pleased to announce the appointment of Jorge Mario Velasquez, Irene Moshouris, and Juan Esteban Calle to the Summit Materials Board of Directors, effective January 12, 2024. Following these appointments, and together with the retirement of John Murphy, the Board consists of 11 directors, 10 of whom are independent. "We are delighted to welcome an experienced and accomplished set of new board members to the Summit Materials board," said Howard Lance, chairman of Summit
Summit Materials, Inc. Reports Third Quarter 2024 Results
Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) September 28, 2024 September 30, 2023 % Chg vs. PY Net revenue $
Summit Materials Announces Third Quarter 2024 Results Conference Call Date
DENVER, Oct. 15, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading vertically integrated construction materials company, today announced that it will release third quarter 2024 financial results after the market closes on Wednesday, October 30, 2024. A conference call will be held on Thursday, October 31, 2024, at 11:00 a.m. eastern time (9:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the third quarter results conference call and acc
Summit Materials, Inc. Reports Second Quarter 2024 Results
Argos USA Synergies On Track Sustained Aggregates Growth Reaffirming 2024 Guidance Range DENVER, Aug. 5, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the second quarter ended June 29, 2024. All comparisons are versus the quarter ended July 1, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) June 29, 2024 July 1, 2023 % Chg vs. PY Net revenue $ 1,075,471 $ 680,373 58.1 % O
Amendment: SEC Form SC 13D/A filed by Summit Materials Inc.
SC 13D/A - Summit Materials, Inc. (0001621563) (Subject)
Amendment: SEC Form SC 13G/A filed by Summit Materials Inc.
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
Amendment: SEC Form SC 13G/A filed by Summit Materials Inc.
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)