Whether Summit Materials is a good stock to buy depends on your individual investment goals and risk tolerance. Although Summit Materials has had some short-term volatility, due to the cyclical nature of the construction materials industry, the company has a strong long-term track record of success.
The company has reported strong revenue and profit growth for several consecutive quarters and is continuing to invest in growth projects that could result in further upside to their stock in the long-term.
In addition, Summit Materials stock currently boasts a relatively low price-to-earnings ratio compared to other stocks in the industry, signaling the company’s solid fundamentals and potential to reward investors in the long-term.
For those looking to invest in Summit Materials, it is important to balance the potential benefits of investing in the stock with any risks that may arise. Evaluating the company’s financials, taking into account the cyclical nature of the industry and understanding how the stock fits into your overall portfolio are all key steps to consider before investing.
Furthermore, those investing in Summit Materials should be comfortable holding the stock through periods of volatility, in the understanding that the company’s long-term success could result in significant rewards for investors.
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When did Summit materials go public?
Summit Materials went public in June 2014. The initial public offering (IPO) was priced at $14. 00 per share, and the company offered 28. 1 million shares in the offering. The offering raised more than $392 million, and the proceeds were used to pay down outstanding debt at the company.
Summit Material’s stock price has since risen more than 340%, and the company now has a market cap of more than $4. 2 billion. The company has since benefited from strong sales and earnings growth, and is now one of the leading suppliers of construction materials in the United States.
The IPO was successful for both the company and investors, and has helped Summit Materials become a major player in the construction materials industry.
Who owns Summit Materials Inc?
Summit Materials Inc. is a publicly traded construction materials company that is owned by its shareholders. It is a publicly held company, meaning that it does not have a single controlling entity but is traded on a stock exchange and bought and sold as shares in the open market by investors.
The company was founded in 2009 and is based in Denver, Colorado. Its primary business is the mining, production, and distribution of construction materials, including cement, aggregates (sand, gravel, and stone), asphalt and related products in the United States and Canada.
The company is led by CEO Tom Hill and is currently traded on the New York Stock Exchange under the symbol SUM.
How many companies does Summit Materials own?
Summit Materials is a leading aggregates-based building materials company, which was formed in 2009. The company owns a portfolio of operating companies and investments in the United States and Canada that produce aggregates, asphalt, cement, concrete, and building materials.
Summit Materials currently owns and operates over 200 sites across the US and Canada, and there is a total of more than 25 companies in their portfolio. These companies include Summit Materials, LP (which is the parent company), Apex Companies LLC, Ames Construction, Croell Inc.
, Cemstone, and Hyper Ready Mix, among many others. The company also has investments in companies such as Santa Fe Sand & Gravel, Highway Industries, and U. S. Concrete. Furthermore, Summit Materials holds investment interests in other related businesses, like mining and quarry equipment suppliers, as well as financial and real estate investments.
Where is Summit Materials headquarters?
Summit Materials headquarters is located in St. Louis, Missouri. The corporate headquarters is located in the Cortex district of St. Louis, which is a 200-acre innovation community which fosters collaboration among entrepreneurs, innovators, corporations, universities and research institutions.
Summit Materials is a leading vertically integrated materials-based company that manufactures, distributes, and sells construction materials, including aggregates, cement, ready-mixed concrete, asphalt, and paving services.
Summit Materials is a career-oriented company that provides a broad range of products, services and technologies to companies in the construction industry. The company is committed to customers’ success and has the infrastructure, expertise and capabilities to deliver efficient, effective, and reliable performance.
What companies does CRH own?
CRH is a building materials, and related products company headquartered in Ireland and is one of the world’s leading building materials companies. CRH has a market capitalization of approximately $32.
4 billion and operates in 32 countries across four continents. Through its network of businesses, it offers a wide range of products and services, including cement, aggregates, asphalt, ready-mixed concrete, precast and pre-stressed concrete, asphalt and bedrock lined canals, heavy building products, energy efficient building solutions, dry mixed compounds, and specialty concrete and mortar products.
CRH’s core business consists of over 75 companies and brands, including A. P. Construction, Aalborg Portland (Denmark), Eagle Products (Sweden), Eurovia (France), James Hardie Industries (Canada and USA), Fabiano Maia (Portugal), Holcim (Bulgaria), Ibstock (UK), ITP (Turkey), Lafarge (U.
S. ), Glasroc (UK), ParexGroup (Spain) , Sentry (U. S. ), and Tarmac (UK). The company also owns a number of joint ventures across the globe, as well as subsidiaries in India, China, Indonesia, Vietnam, and Qatar.
What kind of company is Summit?
Summit is a technology and engineering services company specializing in providing professional services to top-tier customers around the globe. We focus on delivering innovative, cost-effective and reliable engineering solutions that help businesses to grow and thrive in today’s rapidly-evolving technology landscape.
Our core services include product engineering, DevOps & Cloud, and technology consulting. Additionally, we offer our clients a range of tailored services, including business intelligence, big data analytics and customer engagement.
Our customer-centric approach ensures that we are able to deliver projects to meet and exceed customer expectations, with a team of highly experienced and skilled engineers to ensure customer satisfaction.
We strive to create long-term, mutually beneficial relationships with all of our customers, built on trust and excellence.
Who bought Summit Financial?
In February 2021, Summit Financial Group, Inc. , parent company of Summit Community Bank, was acquired by BB&T Corporation, a leading financial services holding company headquartered in Winston-Salem, North Carolina.
The acquisition of Summit by BB&T represented a merger of two top-tier financial institutions, expanding BB&T’s presence in West Virginia, Maryland, and Virginia.
The acquisition included the $1. 9 billion Summit Community Bank, along with its 10 branches in West Virginia and 11 branches in Maryland and Virginia. Summit was the second-largest independent financial services provider in the region after BB&T, with total assets of $2.
7 billion and combined deposits of $2. 2 billion.
BB&T had initially announced its intention to purchase Summit in August 2018. The proposed merger would provide added options to customers of both companies, offering an even greater range of products and services.
The acquisition will also provide BB&T with some new opportunities in the markets that Summit serves, including the mining, manufacturing, and healthcare industries.
