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
0
Funds holding %
of 6,805 funds
0
Analysts bullish %
of 14 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 4 (+3) [Q3]
84% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 31
41% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 91
9% more funds holding
Funds holding: 302 [Q2] → 328 (+26) [Q3]
6% more capital invested
Capital invested by funds: $4.49B [Q2] → $4.73B (+$248M) [Q3]
0.94% less ownership
Funds ownership: 69.88% [Q2] → 68.94% (-0.94%) [Q3]
97% less call options, than puts
Call options by funds: $2.69M | Put options by funds: $80.1M
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$41
19%
downside
Avg. target
$51
1%
upside
High target
$60
18%
upside
14 analyst ratings
7 positive
50%
7 neutral
50%
0 negative
0%
Truist Securities Keith Hughes 78% 1-year accuracy 40 / 51 met price target | 3%upside $53 | Hold Downgraded | 26 Nov 2024 |
Citigroup Anthony Pettinari 76% 1-year accuracy 37 / 49 met price target | 3%upside $53 | Neutral Downgraded | 26 Nov 2024 |
Loop Capital Garik Shmois 68% 1-year accuracy 13 / 19 met price target | 3%upside $53 | Hold Downgraded | 26 Nov 2024 |
JP Morgan Adrian Heurta 67% 1-year accuracy 2 / 3 met price target | 3%upside $53 | Neutral Downgraded | 25 Nov 2024 |
RBC Capital Mike Dahl 71% 1-year accuracy 40 / 56 met price target | 3%upside $53 | Sector Perform Downgraded | 25 Nov 2024 |
Financial journalist opinion
Based on 29 articles about SUM published over the past 30 days
Neutral
Accesswire
3 hours ago
Summit Materials, Inc. Is Being Investigated For Possible Securities Fraud And Affected Investors Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / December 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
23 hours ago
The Schall Law Firm Invites Public Participation In An Inquiry Into Summit Materials Inc For Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / December 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
2 days ago
Summit Materials, Inc. Is Being Investigated For Securities Fraud And Investors With Losses Are Urged To Reach Out To The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / December 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
2 days ago
The Schall Law Firm Invites Shareholder Participation In An Inquiry Into Summit Materials Inc's Possible Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / December 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
3 days ago
Summit Materials, Inc. Is Being Investigated For Securities Fraud And Investors With Losses Are Urged To Assist The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / December 10, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
5 days ago
The Schall Law Firm Invites Shareholder Participation In An Inquiry Into Summit Materials Inc For Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / December 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
6 days ago
Summit Materials, Inc. Is Being Investigated For Possible Securities Fraud And Investors With Losses Are Urged To Reach Out To The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / December 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
1 week ago
The Schall Law Firm Invites Stockholder Contributions To An Inquiry Into Summit Materials Inc's Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / December 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
1 week ago
Summit Materials, Inc. Is Being Investigated For Committing Securities Fraud And Impacted Investors Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / December 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
Neutral
Accesswire
1 week ago
The Schall Law Firm Invites Stockholders With Losses To Take Part In An Inquiry Into Summit Materials Inc's Securities Law Violations
LOS ANGELES, CA / ACCESSWIRE / December 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. ("Summit" or "the Company") (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
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