Comerica Bank Acquires 21,889 Shares of Simpson Manufacturing Company, Inc. $SSD

Key Points

• Comerica Bank increased its stake in Simpson Manufacturing by 21.6% in Q4, acquiring 21,889 shares to hold 123,375 shares (about 0.30% of the company) worth roughly $19.9 million.
• Simpson reported a strong Q1—EPS $2.13 vs. ~ $1.84 estimate and revenue $588M (+9.1% YoY)—reaffirmed 2026 guidance, boosted operating cash flow and repurchased $50M, while analysts maintain a consensus "Moderate Buy" with an average target near $205.25 versus the current price around $186.58, implying upside.

Comerica Bank grew its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 21.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 123,375 shares of the construction company's stock after acquiring an additional 21,889 shares during the period. Comerica Bank owned about 0.30% of Simpson Manufacturing worth $19,921,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SSD. Northern Trust Corp raised its stake in Simpson Manufacturing by 1.4% during the third quarter. Northern Trust Corp now owns 555,211 shares of the construction company's stock worth $92,976,000 after buying an additional 7,552 shares during the last quarter. First Trust Advisors LP raised its stake in Simpson Manufacturing by 5.2% during the third quarter. First Trust Advisors LP now owns 541,149 shares of the construction company's stock worth $90,621,000 after buying an additional 26,743 shares during the last quarter. Port Capital LLC raised its stake in Simpson Manufacturing by 1.0% during the third quarter. Port Capital LLC now owns 406,210 shares of the construction company's stock worth $68,024,000 after buying an additional 3,825 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Simpson Manufacturing by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 343,327 shares of the construction company's stock worth $53,322,000 after buying an additional 21,781 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Simpson Manufacturing by 1.4% during the third quarter. Federated Hermes Inc. now owns 310,027 shares of the construction company's stock worth $51,917,000 after buying an additional 4,290 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Analysts Set New Price Targets

SSD has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Simpson Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, April 2nd. Stephens set a $200.00 target price on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. Wall Street Zen downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. DA Davidson lifted their target price on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus initiated coverage on shares of Simpson Manufacturing in a research note on Monday, April 20th. They set a "buy" rating and a $205.00 target price for the company. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $205.25.

Simpson Manufacturing News Summary

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

• Positive Sentiment: Q1 results beat consensus — Simpson reported EPS of $2.13 (vs. Street ~ $1.84–$1.89) and revenue of $588M, +9.1% YoY; operating income and net income rose double digits. These beats and margin/earnings growth are the primary bullish drivers. Read More.
• Positive Sentiment: Reaffirmed 2026 guidance and strong cash flow — management reaffirmed full‑year guidance and reported operating cash flow improvement (~$156M) and cash & equivalents up materially year-over-year; also repurchased $50M of stock in Q1. These support buyback-driven EPS accretion and confidence in the outlook. Read More.
• Positive Sentiment: Analyst sentiment and targets remain constructive — recent analyst targets cluster above current levels (median ~$205) and coverage highlights the company’s resilient construction end markets. That gives upside reference points for investors. Read More.
• Neutral Sentiment: Detailed call / transcript available — the earnings call transcript provides management commentary on demand trends, margin drivers and capital allocation; useful for investors digging into forward commentary. Read More.
• Neutral Sentiment: Press and coverage roundup — multiple outlets (Yahoo Finance, Zacks, MarketBeat) published summaries highlighting the beat and metrics; these amplify visibility but add no new fundamental change. Read More.
• Neutral Sentiment: Unrelated "SSD" reference — a mining press release references an “SSD zone” (Westward Gold) that is unrelated to Simpson Manufacturing (ticker SSD); not material to the company’s fundamentals. Read More.
• Negative Sentiment: Insider selling noted — filings show insider sales in recent months (small-scale dispositions). While not large enough on their own to change the thesis, investors sometimes view insider sales as a modest negative signal. Read More.

Simpson Manufacturing Trading Up 2.8%

SSD opened at $186.58 on Tuesday. Simpson Manufacturing Company, Inc. has a 1-year low of $149.79 and a 1-year high of $211.98. The company has a current ratio of 3.54, a quick ratio of 1.99 and a debt-to-equity ratio of 0.18. The company has a market cap of $7.69 billion, a P/E ratio of 22.62 and a beta of 1.37. The company has a fifty day moving average price of $180.96 and a two-hundred day moving average price of $176.86.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.29. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The firm had revenue of $587.96 million during the quarter, compared to the consensus estimate of $550.08 million. During the same period in the previous year, the firm posted $1.85 earnings per share. The business's revenue was up 9.1% compared to the same quarter last year. Analysts predict that Simpson Manufacturing Company, Inc. will post 8.98 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, April 2nd. Simpson Manufacturing's payout ratio is 14.06%.

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.

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.