Simpson Manufacturing (NYSE:SSD – Get Free Report) had its target price hoisted by equities research analysts at Stephens from $210.00 to $215.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Stephens’ price objective points to a potential upside of 11.50% from the company’s current price.
SSD has been the topic of several other reports. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Stifel Nicolaus increased their target price on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. DA Davidson raised their price target on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $216.00.
Get Our Latest Stock Report on SSD
Simpson Manufacturing Trading Down 0.5%
Simpson Manufacturing (NYSE:SSD – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The company had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. During the same quarter in the previous year, the firm earned $2.47 EPS. Simpson Manufacturing’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Simpson Manufacturing will post 9.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Simpson Manufacturing
A number of institutional investors and hedge funds have recently bought and sold shares of SSD. ValueAct Holdings L.P. raised its position in Simpson Manufacturing by 21.9% in the fourth quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock valued at $237,707,000 after purchasing an additional 264,200 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Simpson Manufacturing by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock worth $141,826,000 after purchasing an additional 31,744 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Simpson Manufacturing by 0.5% during the first quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock worth $147,236,000 after purchasing an additional 4,168 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Simpson Manufacturing by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock valued at $123,603,000 after buying an additional 6,869 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Simpson Manufacturing by 11,044.7% in the fourth quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after buying an additional 672,402 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.
Trending Headlines about Simpson Manufacturing
Here are the key news stories impacting Simpson Manufacturing this week:
- Positive Sentiment: Earnings and revenue beat estimates: Second-quarter adjusted earnings were $3.09 per diluted share, well above the $2.72 consensus estimate, while sales of $671.1 million topped expectations of approximately $658.8 million. Revenue increased 6.3% year over year, and earnings per share rose 25.1% from $2.47 a year earlier. Simpson Manufacturing Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: Profitability improved: Operating income climbed 20.6% to $169.1 million, supported by sales growth and operating leverage. The results reinforce the company’s ability to expand earnings despite ongoing uncertainty in construction and housing markets. Simpson Manufacturing Announces Second Quarter Results
- Positive Sentiment: Expanded share repurchases: Simpson repurchased $48.7 million of stock during the quarter and increased its remaining 2026 buyback authorization by $50 million, bringing the authorization to $200 million. The company also declared a quarterly dividend of $0.30 per share, which may support per-share earnings and shareholder returns. Simpson Manufacturing Updates Guidance and Buyback Authorization
- Neutral Sentiment: Guidance range narrowed: Management narrowed its 2026 operating-margin outlook to 19.7%-20.5%. The tighter range improves visibility, although investors will assess whether the midpoint implies limited additional margin expansion after the strong quarter. Simpson Manufacturing Narrows 2026 Operating Margin Guidance
- Neutral Sentiment: Investor focus: The earnings call highlighted strong sales growth and the company’s updated outlook. With SSD shares trading near the upper half of their 52-week range and at roughly 22.6 times earnings, the market may require continued execution for further upside. Simpson Manufacturing Q2 Earnings Call Highlights
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.
Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.
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