SUM stock icon

Summit Materials
SUM

$41.18
5.21%

Market Cap: 7.23B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 16 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 0 [Q4 2023] → 2 (+2) [Q1 2024]

16% more capital invested

Capital invested by funds: $4.61B [Q4 2023] → $5.34B (+$722M) [Q1 2024]

13% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 45

2% more funds holding

Funds holding: 294 [Q4 2023] → 300 (+6) [Q1 2024]

0% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 101

31.55% less ownership

Funds ownership: 100.4% [Q4 2023] → 68.85% (-31.55%) [Q1 2024]

59% less call options, than puts

Call options by funds: $5.86M | Put options by funds: $14.4M

Research analyst outlook

16 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$38
8%
downside
Avg. target
$46
12%
upside
High target
$53
29%
upside

16 analyst ratings

10 positive
63%
neutral
38%
negative
0%
Citigroup
Anthony Pettinari
7%upside
$44
Buy
Maintained
11 Jul 2024
Stifel
Stanley Elliott
14%upside
$47
Buy
Maintained
3 Jul 2024
Stephens & Co.
Trey Grooms
21%upside
$50
Overweight
Maintained
3 May 2024
RBC Capital
Mike Dahl
12%upside
$46
Sector Perform
Maintained
3 May 2024
Citigroup
Anthony Pettinari
24%upside
$51
Buy
Maintained
5 Apr 2024

Financial journalist opinion