Simpson Manufacturing (NYSE:SSD) Stock Crosses Above 200-Day Moving Average After Analyst Downgrade

Simpson Manufacturing Company, Inc. (NYSE:SSD) passed above its 200-day moving average during trading on Tuesday after Robert W. Baird raised their price target on the stock from $205.00 to $210.00. The stock has a 200-day moving average of $185.21 and traded as high as $192.69. Robert W. Baird currently has an outperform rating on the stock. Simpson Manufacturing shares last traded at $192.0480, with a volume of 486,435 shares.

Other equities research analysts also recently issued reports about the stock. Stephens lifted their price objective on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research note on Tuesday, July 28th. UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a report on Tuesday, July 28th. Stifel Nicolaus cut their target price on Simpson Manufacturing from $218.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Simpson Manufacturing in a research note on Thursday, October 22nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Simpson Manufacturing currently has a consensus rating of “Hold” and an average price target of $207.00.

Insider Activity at Simpson Manufacturing

In related news, CEO Michael Olosky sold 3,502 shares of Simpson Manufacturing stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $172.84, for a total transaction of $605,285.68. Following the completion of the sale, the chief executive officer owned 51,398 shares of the company’s stock, valued at $8,883,630.32. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Key Stories Impacting Simpson Manufacturing

Here are the key news stories impacting Simpson Manufacturing this week:

• Positive Sentiment: Q3 earnings beat expectations: Simpson reported diluted EPS of $2.68, up from $2.58 a year earlier and above the $2.44 consensus estimate. Revenue rose 2.3% year over year to $638.1 million, exceeding the $624.4 million forecast. Simpson Manufacturing third-quarter financial results
• Positive Sentiment: Large share repurchase: The board authorized a new $1 billion buyback, potentially covering up to approximately 13.2% of outstanding shares. The authorization signals management’s confidence in the company’s value and could support earnings per share. Simpson also repurchased $66.3 million of stock during the quarter. Simpson Manufacturing share repurchase authorization
• Positive Sentiment: Margin outlook and pricing support: Management outlined a 2026 operating-margin target of 20.0% to 20.5% and is preparing additional steel-related pricing actions. Cost controls and pricing helped protect profitability despite an uncertain construction market. Simpson margin outlook and pricing actions
• Positive Sentiment: Analyst support: Robert W. Baird raised its price target to $210 and maintained an “outperform” rating.
• Neutral Sentiment: Simpson declared a quarterly dividend of $0.30 per share. North American sales grew 3.8%, while European sales declined 3.4%, highlighting uneven regional demand.
• Negative Sentiment: DA Davidson lowered its price target to $203 and assigned a “neutral” rating, suggesting limited upside after the recent rally. Overall revenue and operating-income growth remained modest.

Hedge Funds Weigh In On Simpson Manufacturing

A number of institutional investors have recently bought and sold shares of SSD. Caitlin John LLC purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at $27,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Simpson Manufacturing during the first quarter worth $37,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Simpson Manufacturing during the second quarter worth $61,000. Fiduciary Financial Advisors purchased a new position in shares of Simpson Manufacturing during the second quarter worth $76,000. Finally, Versant Capital Management Inc lifted its position in Simpson Manufacturing by 41.8% during the second quarter. Versant Capital Management Inc now owns 387 shares of the construction company’s stock valued at $81,000 after purchasing an additional 114 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Up 5.5%

The business’s 50-day moving average is $177.89 and its 200-day moving average is $185.21.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 26th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.44 by $0.24. The business had revenue of $638.13 million during the quarter, compared to analysts’ expectations of $624.39 million. Simpson Manufacturing’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 earnings per share. Equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.28 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 28th. Stockholders of record on Thursday, January 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, January 7th.

Simpson Manufacturing declared that its board has authorized a stock buyback program on Monday, October 26th that allows the company to buy back $1 billion in shares. This repurchase authorization allows the construction company to buy up to 13.2% of its shares through open market purchases. Share repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.