Simpson Manufacturing (NYSE:SSD) Stock Price Expected to Rise, DA Davidson Analyst Says

Key Points

• DA Davidson has raised their price target for Simpson Manufacturing from $180.00 to $185.00, indicating a potential upside of 2.30% from the previous close.
• Simpson Manufacturing reported Q2 earnings of $2.47 per share, surpassing estimates by $0.08, with a revenue of $631.06 million, which is a 5.7% increase from the previous year.
• Institutional investors hold 93.68% of Simpson Manufacturing's stock, with several firms increasing their stakes in the company in recent quarters.

Simpson Manufacturing (NYSE:SSD - Free Report) had its price target increased by DA Davidson from $180.00 to $185.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the construction company's stock. DA Davidson also issued estimates for Simpson Manufacturing's Q3 2025 earnings at $2.47 EPS, FY2025 earnings at $8.22 EPS and FY2026 earnings at $8.93 EPS.

Simpson Manufacturing Stock Down 0.3%

Shares of NYSE:SSD traded down $0.50 on Tuesday, reaching $178.93. The company had a trading volume of 377,085 shares, compared to its average volume of 309,271. The firm has a market capitalization of $7.48 billion, a PE ratio of 22.82 and a beta of 1.26. The company has a current ratio of 3.37, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18. Simpson Manufacturing has a 52-week low of $137.35 and a 52-week high of $197.82. The firm's 50 day simple moving average is $160.95 and its 200-day simple moving average is $160.17.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.08. The company had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. As a group, analysts expect that Simpson Manufacturing will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

Hedge Funds Weigh In On Simpson Manufacturing

Several institutional investors and hedge funds have recently bought and sold shares of SSD. Teacher Retirement System of Texas boosted its position in shares of Simpson Manufacturing by 0.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 35,901 shares of the construction company's stock worth $5,576,000 after purchasing an additional 211 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Simpson Manufacturing by 28.9% in the second quarter. Bessemer Group Inc. now owns 135,447 shares of the construction company's stock worth $21,037,000 after acquiring an additional 30,369 shares in the last quarter. Riverwater Partners LLC grew its stake in shares of Simpson Manufacturing by 13.1% during the second quarter. Riverwater Partners LLC now owns 2,126 shares of the construction company's stock worth $330,000 after acquiring an additional 246 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in shares of Simpson Manufacturing during the second quarter worth about $242,000. Finally, AlphaQuest LLC increased its holdings in shares of Simpson Manufacturing by 1,164,500.0% during the second quarter. AlphaQuest LLC now owns 11,646 shares of the construction company's stock valued at $1,809,000 after acquiring an additional 11,645 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.