Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. Summit Materials, Inc. has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
IPO Year: 2015
Exchange: NYSE
Website: summit-materials.com
| 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 | |
| 7/24/2023 | $38.00 | Outperform → Neutral | Exane BNP Paribas |
| 7/6/2023 | $32.00 → $37.00 | Neutral → Underweight | JP Morgan |
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G - Summit Materials, Inc. (0001621563) (Subject)
SC 13G/A - Summit Materials, Inc. (0001621563) (Subject)
SC 13G - Summit Materials, Inc. (0001621563) (Subject)
SC 13D - 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.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Goldman Sachs raised the price target for On Holding AG (NYSE:ONON) from $41 to $47. Goldman Sachs analyst Richard Edwards maintained a Buy rating. On Holding shares fell 2.1% to close at $37.22 on Tuesday. See how other analysts view this stock. Deutsche Bank cut the price target for NIKE, Inc. (NYSE:NKE) from $115 to $92. Deutsche Bank analyst Krisztina Katai maintained a Buy rating. NIKE shares fell 1% to close at $76.04 on Tuesday. See how other analysts view this stock. Wedbush raised Tesla
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Summit Materials (NYSE:SUM) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Summit Materials, presenting an average target of $48.5, a high estimate of $51.00, and a low estimate of $46.00. This upward tre
Stifel analyst Stanley Elliott maintains Summit Materials (NYSE:SUM) with a Buy and lowers the price target from $55 to $47.
Summit Materials's (NYSE:SUM) short percent of float has risen 3.52% since its last report. The company recently reported that it has 4.12 million shares sold short, which is 3.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.64 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
The Tema American Reshoring ETF (NYSE:RSHO), the first U.S.-listed fund dedicated to reshoring investing, outperformed the S&P 500 Index over the last year, remarkably achieving this without holding any of the high-flying Magnificent Seven stocks. As of June 3, 2024, the RSHO ETF recorded a 32% annual gain, outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY) by about 7 percentage points. “The industrial world needs to be rewired to support local manufacturing,” Maurits Pot, founder and CEO at Tema ETF Management, told Benzinga in an exclusive interview. Pot noted supply chain insecurity, trade wars, geopolitical tensions and deglobalization are pushing companies such as Micron Tech
Summit Materials's (NYSE:SUM) short percent of float has fallen 6.59% since its last report. The company recently reported that it has 4.28 million shares sold short, which is 3.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.89 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Stephens & Co. analyst Trey Grooms maintains Summit Materials (NYSE:SUM) with a Overweight and raises the price target from $47 to $50.
8-K - Summit Materials, Inc. (0001621563) (Filer)
10-Q - Summit Materials, Inc. (0001621563) (Filer)
8-K - Summit Materials, Inc. (0001621563) (Filer)
8-K - Summit Materials, Inc. (0001621563) (Filer)
10-Q - Summit Materials, Inc. (0001621563) (Filer)
8-K - Summit Materials, Inc. (0001621563) (Filer)
8-K - Summit Materials, Inc. (0001621563) (Filer)
DEFA14A - Summit Materials, Inc. (0001621563) (Filer)
DEFA14A - Summit Materials, Inc. (0001621563) (Filer)
10-Q - Summit Materials, Inc. (0001621563) (Filer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
4 - Summit Materials, Inc. (0001621563) (Issuer)
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 $
DENVER, Oct. 24, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today disclosed that it has received a non-binding acquisition proposal. The Company has held initial discussions with the interested party, and, in consultation with its advisors, Summit's Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of the Company and its shareholders. There can be no assurance that any definitive agreement will be reached. Summit does not plan
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
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.
First global pre-commercial installation of FuelFlex technology will reduce Davenport's Fossil Fuel usage by 20%. DENVER, Sept. 11, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement, has successfully reconfigured and expanded Davenport's Green America Recycling operations. Summit has completed the first global pre-commercial installation of the FLSmidth FUELFLEX™ Pyrolyzer system, which enhances the use of non-hazardous alternative fuels at its Davenport, Io
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
DENVER, July 19, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading vertically integrated construction materials company, today announced that it will release second quarter 2024 financial results after the market closes on Monday, August 5, 2024. A conference call will be held on Tuesday, August 6, 2024, at 12:00 p.m. eastern time (10:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the second quarter results conference call and accompan
Margin Expansion Fueled by Pricing Momentum and Operational Improvements Raises 2024 Synergy Target to At Least $40 million Adjusting 2024 Guidance Higher DENVER, May 1, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), market-leading producer of aggregates and cement company, today announced results for the first quarter ended March 30, 2024. All comparisons are versus the quarter ended April 1, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) March 30, 2024 April 1
DENVER, April 18, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading construction materials company, today announced that it will release first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024. A conference call will be held on Thursday, May 2, 2024, at 12:00 p.m. eastern time (10:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the first quarter results conference call and accompanying presentation materia
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
DENVER, Jan. 9, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading vertically integrated construction materials company, is pleased to announce the appointment of Marshall Moore as EVP, Chief Operations Officer effective January 4, 2024. Moore brings to this newly created role a 35-year track record of success in manufacturing and supply chain management, business process, operational excellence, product innovation, public affairs, strategy and business development. Prior to joining Summit, Moore served as Chief Technology Off
Summit Materials, Inc. (NYSE:SUM, "Summit" or the "Company"))), a leading vertically integrated construction materials company, is pleased to announce the appointment of Scott Anderson as its new Executive Vice President and Chief Financial Officer (CFO), effective March 1, 2023. Anderson brings to the role a wealth of experience in finance and operations, as well as a demonstrated commitment to the Summit strategy and the Company's mission, vision, and values. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230301005292/en/Scott Anderson, Chief Financial Officer (Photo: Business Wire) Scott has been an integral member of Summit's
Summit Materials, Inc. (NYSE:SUM, "Summit, " or the "Company"))), a leading vertically integrated construction materials company, has appointed Kekin Ghelani as the Company's first-ever Chief Strategy and Growth Officer. Kekin brings a wealth of experience in strategy, corporate development, marketing, branding, IT, and innovation. CEO of Summit Materials, Anne Noonan, commented, "Kekin's leadership, extensive M&A experience, and over 25 years leading growth and value creation in manufacturing industries will position him well to advance our Elevate Summit Strategy through this new role." Anne continued, "Kekin will help lead the charge as we pursue market leadership, further progress our
Summit Materials, Inc. (NYSE:SUM, "Summit, " or the "Company"))), a leading vertically integrated construction materials company, today announced two executive changes that are effective March 1, 2022. Tom Beck will become Executive Vice President, Summit Materials and David Loomes will assume the role of Continental Cement Company President and Senior Vice President of Summit Materials as part of the Company's planned and pro-active leadership succession. Beck is transitioning into the EVP role following 25 years of distinguished service at Continental Cement Company, LLC ("Continental" or "CCC"), including the last 9 as President. Loomes has 20+ years of industry experience and was most r
Summit Materials, Inc. (NYSE:SUM, "Summit" or the "Company"))), a leading vertically integrated construction materials company, today announced that its board of directors has appointed Tamla Oates-Forney as a new independent director and member of the board's Human Capital and Compensation Committee. With the appointment of Ms. Oates-Forney, Summit's board now comprises nine members. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210519005883/en/Tamla Oates-Forney, Director, Summit Materials, Inc. (Photo: Business Wire) Howard Lance, Chairman of Summit, stated, "I am delighted that Tamla has agreed to join the Summit board. She
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
Wolfe Research upgraded Summit Materials from Peer Perform to Outperform and set a new price target of $49.00
JP Morgan resumed coverage of Summit Materials with a rating of Overweight and set a new price target of $47.00 from $40.00 previously
RBC Capital Mkts downgraded Summit Materials from Outperform to Sector Perform and set a new price target of $38.00 from $43.00 previously
Seaport Research Partners upgraded Summit Materials from Neutral to Buy and set a new price target of $47.00
Wolfe Research downgraded Summit Materials from Outperform to Peer Perform
Exane BNP Paribas downgraded Summit Materials from Outperform to Neutral and set a new price target of $38.00
JP Morgan downgraded Summit Materials from Neutral to Underweight and set a new price target of $37.00 from $32.00 previously
Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise. Three months ended ($ 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
DENVER, July 19, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading vertically integrated construction materials company, today announced that it will release second quarter 2024 financial results after the market closes on Monday, August 5, 2024. A conference call will be held on Tuesday, August 6, 2024, at 12:00 p.m. eastern time (10:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the second quarter results conference call and accompan
Margin Expansion Fueled by Pricing Momentum and Operational Improvements Raises 2024 Synergy Target to At Least $40 million Adjusting 2024 Guidance Higher DENVER, May 1, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), market-leading producer of aggregates and cement company, today announced results for the first quarter ended March 30, 2024. All comparisons are versus the quarter ended April 1, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) March 30, 2024 April 1
DENVER, April 18, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading construction materials company, today announced that it will release first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024. A conference call will be held on Thursday, May 2, 2024, at 12:00 p.m. eastern time (10:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the first quarter results conference call and accompanying presentation materia
Reiterates and Provides Pathway to Elevate Summit Margin Target Upgrades Argos Synergy Target to at Least $130 Million Eliminates Up-C Structure DENVER, March 13, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading construction materials company, announces highlights that are being presented at its Investor Day today in New York City. "Since the introduction of our Elevate Summit Strategy in March 2021, it has been the cornerstone of our decision-making process, shaping our actions and providi
Establishes Annual Summit Records for Revenue and Profitability Record Annual Organic Pricing Growth for Aggregates and Cement DENVER, Feb. 14, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), market-leading producer of aggregates and cement company, today announced results for the fourth quarter and full year ended December 30, 2023. All comparisons are versus the quarter and full year ended December 31, 2022 unless noted otherwise. Three months ended Year ended ($ in thousands, except per share amounts) De
DENVER, Jan. 25, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading construction materials company, today announced that it will release fourth quarter and full year 2023 financial results after the market closes on Wednesday, February 14, 2024. A conference call will be held on Thursday, February 15, 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 fourth quarter and full year 2023 results conferenc
DENVER, Oct. 12, 2023 /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 2023 financial results after the market closes on Wednesday, November 1, 2023. A conference call will be held on Thursday, November 2, 2023, 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