Summit Materials, Inc.

SUM

US86614U1007

Construction Materials

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
40 ^USD	+1.60%		+4.41%	+4.00%

Apr. 05	Citigroup Adjusts Price Target on Summit Materials to $51 From $46, Keeps Buy Rating	MT
Apr. 02	Truist Securities Raises Price Target on Summit Materials to $53 From $50, Maintains Buy Rating	MT

Summit Materials to merge with Cementos Argos's US operations in $3.2 bln deal

September 07, 2023 at 07:33 am EDT

Sept 7 (Reuters) - Summit Materials said on Thursday it will merger with the U.S. operations of Cementos Argos in a cash and stock transaction valued at $3.2 billion, creating the fourth-largest cement platform in the United States. (Reporting by Ananta Agarwal; Editing by Savio D'Souza)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	CEMENTOS ARGOS S.A.	8,500 COP	-0.47%	+1.80%	2.51B
	SUMMIT MATERIALS, INC.	40 USD	+1.60%	+4.41%	7.02B

Latest news about Summit Materials, Inc.

Citigroup Adjusts Price Target on Summit Materials to $51 From $46, Keeps Buy Rating	Apr. 05	MT
Truist Securities Raises Price Target on Summit Materials to $53 From $50, Maintains Buy Rating	Apr. 02	MT
Barclays Raises Price Target on Summit Materials to $45 From $40, Keeps Equalweight Rating	Mar. 14	MT
Goldman Sachs Raises Summit Materials Price Target to $49 From $43, Maintains Neutral Rating	Mar. 14	MT
RBC Raises Price Target on Summit Materials to $44 From $39 After Investor Day, Keeps Sector Perform Rating	Mar. 14	MT
Transcript : Summit Materials, Inc. - Analyst/Investor Day	Mar. 13
North American Morning Briefing : Traders Await -2-	Feb. 26	DJ
Truist Securities Raises Price Target on Summit Materials to $46 From $43, Maintains Buy Rating	Feb. 16	MT
RBC Raises Price Target on Summit Materials to $39 From $38, Keeps Sector Perform Rating	Feb. 16	MT
Tranche Update on Summit Materials, Inc.'s Equity Buyback Plan announced on March 2, 2022.	Feb. 15	CI
Summit Materials to Seek Acquisitions	Feb. 15	CI
Transcript : Summit Materials, Inc., Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Summit Materials Q4 Adjusted Earnings Decline, Revenue Rises -- Shares Rise After Hours	Feb. 14	MT
Earnings Flash (SUM) SUMMIT MATERIALS Posts Q4 Revenue $660.1M, vs. Street Est of $558.3M	Feb. 14	MT
Earnings Flash (SUM) SUMMIT MATERIALS Reports Q4 EPS $0.31, vs. Street Est of $0.27	Feb. 14	MT
Summit Materials, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2023	Feb. 14	CI
Summit Materials, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 14	CI
Holcim eyes $30 bln valuation with N.American business listing, picks new CEO	Jan. 29	RE
Summit Materials Announces Executive Appointments	Jan. 18	CI
Summit Materials, Inc. Announces Management Changes	Jan. 17	CI
North American Morning Briefing : Stock Futures -2-	Jan. 16	DJ
Summit Materials Closes Combination with Argos North America	Jan. 12	MT
RBC Downgrades Summit Materials to Sector Perform From Outperform, Cuts Price Target to $38 From $43	Jan. 12	MT
Summit Materials, Inc. completed the acquisition of Argos USA Corporation from Cementos Argos S.A., Argos SEM LLC and Valle Cement Investments, Inc.	Jan. 11	CI
Summit Materials Says Shareholders Approve Merger With Argos USA	Jan. 11	MT

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Company Profile

Summit Materials, Inc. is a producer of aggregates and cement with vertically integrated operations that supply ready-mix concrete and asphalt in select markets. The Companyâs West segment consists of its West and South regions, and includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada. The West segment supplies aggregates, ready-mix concrete, asphalt paving mix and paving and related services. Its East segment consists of its East and Central regions and serves markets extending across the Midwestern and Eastern United States, notably in Kansas, Missouri, Virginia, Florida, North Carolina, South Carolina, Georgia, and Nebraska where it supplies aggregates, ready-mix concrete, asphalt paving mix and paving and related services. Its Cement segment consists of its Hannibal, Missouri and Davenport, Iowa cement plants and nine distribution terminals along the Mississippi River from Minnesota to Louisiana.

Sector

Construction Materials

Calendar

2024-04-30 - Q1 2024 Earnings Release

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Ratings for Summit Materials, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

40 USD

Average target price

49.6 USD

Spread / Average Target

+24.00%

Consensus

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Sector Other Construction Materials

	1st Jan change	Capi.
SUMMIT MATERIALS, INC.	+4.00%	7.02B
MARTIN MARIETTA MATERIALS, INC.	+21.26%	37.34B
VULCAN MATERIALS COMPANY	+15.08%	34.54B
ULTRATECH CEMENT LIMITED	-7.64%	33.53B
GRASIM INDUSTRIES LIMITED	+9.73%	19.06B
AMBUJA CEMENTS	+21.33%	18.67B
HEIDELBERG MATERIALS AG	+17.64%	18.51B
CEMEX, S.A.B. DE C.V.	+6.96%	11.93B
KNIFE RIVER CORPORATION	+18.24%	4.43B
WIENERBERGER AG	+9.79%	3.73B

Other Construction Materials

Summit Materials, Inc.

Equities

SUM

US86614U1007

Construction Materials

Summit Materials to merge with Cementos Argos's US operations in $3.2 bln deal

Stocks mentioned in the article

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