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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 9/8/2023 | Outperform → Peer Perform | Wolfe Research |
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 $11.5 billion, including debt. The transaction price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price2. The combination has been unanimously approved b
DENVER, Nov. 21, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today issued the following statement in response to media reports: "Summit previously disclosed receipt of a non-binding acquisition proposal and confirmed the Company has held initial discussions with the interested party. Summit does not plan to provide any updates with respect to this matter, except as required under applicable law." Morgan Stanley & Co. LLC and Evercore are acting as financial advisors to Summit, and Davis Polk & Wardwell L
Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) September 28, 2024 September 30, 2023 % Chg vs. PY Net revenue $
Barclays upgraded Summit Materials from Equal Weight to Overweight and set a new price target of $52.00 from $45.00 previously
RBC Capital Mkts upgraded Summit Materials from Sector Perform to Outperform and set a new price target of $53.00 from $45.00 previously
Morgan Stanley initiated coverage of Summit Materials with a rating of Overweight and set a new price target of $51.00
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
Summit Materials (NYSE:SUM) has outperformed the market over the past 5 years by 4.42% on an annualized basis producing an average annual return of 17.64%. Currently, Summit Materials has a market capitalization of $7.23 billion. Buying $100 In SUM: If an investor had bought $100 of SUM stock 5 years ago, it would be worth $228.70 today based on a price of $41.18 for SUM at the time of writing. Summit Materials's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e
Summit Materials (NYSE:SUM) has outperformed the market over the past 5 years by 3.02% on an annualized basis producing an average annual return of 16.61%. Currently, Summit Materials has a market capitalization of $6.73 billion. Buying $100 In SUM: If an investor had bought $100 of SUM stock 5 years ago, it would be worth $215.46 today based on a price of $38.35 for SUM at the time of writing. Summit Materials's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e
Citigroup analyst Anthony Pettinari maintains Summit Materials (NYSE:SUM) with a Buy and lowers the price target from $51 to $44.
Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) September 28, 2024 September 30, 2023 % Chg vs. PY Net revenue $
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
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
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
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.
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
8-K - Summit Materials, Inc. (0001621563) (Filer)
10-Q - Summit Materials, Inc. (0001621563) (Filer)
8-K - Summit Materials, Inc. (0001621563) (Filer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)