Summit Materials
About: Summit Materials Inc is engaged in the production and sale of aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. It is also engaged in paving and related services. The Company's three operating and reporting segments are the West, East and Cement segments. It operates in 21 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through its platform.
Employees: 5,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
158% more call options, than puts
Call options by funds: $2.68M | Put options by funds: $1.04M
25% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 92
0.31% more ownership
Funds ownership: 69.24% [Q1] → 69.55% (+0.31%) [Q2]
0% more funds holding
Funds holding: 302 [Q1] → 302 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 51
17% less capital invested
Capital invested by funds: $5.37B [Q1] → $4.47B (-$901M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
DA Davidson Brent Thielman 90% 1-year accuracy 27 / 30 met price target | 0%upside $41 | Neutral Maintained | 15 Oct 2024 |
Jefferies Philip Ng 81% 1-year accuracy 13 / 16 met price target | 37%upside $56 | Buy Maintained | 9 Oct 2024 |
Citigroup Anthony Pettinari 88% 1-year accuracy 15 / 17 met price target | 12%upside $46 | Buy Maintained | 9 Oct 2024 |
JP Morgan Adrian Heurta 0% 1-year accuracy 0 / 1 met price target | 5%upside $43 | Overweight Maintained | 9 Oct 2024 |
Morgan Stanley Angel Castillo 73% 1-year accuracy 8 / 11 met price target | 25%upside $51 | Overweight Initiated | 26 Aug 2024 |
