- Today, we look at another stock that provides a way to gain some more exposure to the surging housing market.
- Summit Materials, Inc.’s operational performance has been relatively unaffected by the COVID-19 pandemic, with pricing and volumes generally higher.
- However, its shares are still ~20% below their 2020 highs.
- With tailwinds from the mass migration out of northern U.S. cities, public infrastructure bills passing in two of its key states, and insider buying, Summit merited a deeper dive.
- A full investment analysis follows in the paragraphs below.
For further details see:
Sizing Up Summit Materials