AllAnalyst Report
Morningstar•January 07, 2021
Morningstar•January 07, 2021Summit Materials, Inc.: Aggregates Stocks Rally From Senate Results Amid Optimism for Long-Awaited Infrastructure Bill
Summary
Summit Materials is a top-10 aggregates supplier and top-15 cement producer in the U.S. Founded as a roll-up strategy in 2009, the company has grown through a very active acquisition strategy. While cement and aggregates constituted about 36% of the firm's revenue in 2019, these higher-margin businesses constituted nearly 60% of gross profit. Summit's downstream businesses and services include asphalt, ready-mi
Upgrade to begin using premium research reports and get so much more.
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
UpgradeActions
Download Full ReportRelated Reports
- EXP: Raising target price to $266.00Apr 24, 2024 •
EXP
- MLM: Lowering target price to $624.00Apr 24, 2024 •
MLM
- SPXC: Raising target price to $126.00Apr 24, 2024 •
SPXC
- BCC: What does Argus have to say about BCC?Apr 24, 2024 •
BCC
- NGVT: Raising target price to $51.00Apr 24, 2024 •
NGVT
Analyst Profile
Kristoffer Inton
DirectorKristoffer Inton is director of equity research, basic materials for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers gold, aggregates and cement, and uranium companies.Before joining Morningstar in 2013, Inton was an investment banking associate for Guggenheim Securities in New York. Previously, he was an investment banking analyst for Merrill Lynch in Chicago and New York.Inton holds a bachelor’s degree in finance with high honors from the University of Illinois and a master’s degree in business administration with distinction from Northwestern University’s Kellogg School of Management.