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

Simpson Manufacturing Company, Inc. (NYSE:SSD) shares crossed 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 trading hands.

Other equities analysts have also recently issued reports about the company. UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Stephens boosted their price objective on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a report on Tuesday, July 28th. Stifel Nicolaus lowered their price objective on shares of 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 report on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Simpson Manufacturing has a consensus rating of “Hold” and a consensus price target of $207.00.

Insider Transactions at Simpson Manufacturing

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

Key Simpson Manufacturing News

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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Simpson Manufacturing during the 2nd quarter worth $862,138,000. State Street Corp raised its stake in Simpson Manufacturing by 2.9% in the second quarter. State Street Corp now owns 1,308,394 shares of the construction company’s stock valued at $273,910,000 after buying an additional 37,206 shares during the last quarter. Quantinno Capital Management LP raised its stake in Simpson Manufacturing by 0.5% in the first quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock valued at $147,236,000 after buying an additional 4,168 shares during the last quarter. Maren Capital LLC raised its stake in Simpson Manufacturing by 0.5% in the second quarter. Maren Capital LLC now owns 513,029 shares of the construction company’s stock valued at $107,403,000 after buying an additional 2,639 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Simpson Manufacturing by 6.3% in the first quarter. First Trust Advisors LP now owns 582,201 shares of the construction company’s stock worth $99,917,000 after acquiring an additional 34,598 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Up 5.5%

The firm has a fifty day simple moving average of $177.89 and a two-hundred day simple moving average of $185.21.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 26th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.24. The business had revenue of $638.13 million for the quarter, compared to analysts’ expectations of $624.39 million. During the same quarter in the previous year, the firm posted $2.58 EPS. Simpson Manufacturing’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 9.28 EPS for the current year.

Simpson Manufacturing Dividend Announcement

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

Simpson Manufacturing announced that its board has approved a share repurchase program on Monday, October 26th that authorizes the company to repurchase $1 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 13.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About Simpson Manufacturing

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.