FBR Capital Starts Simpson Manufacturing (SSD) at Market Perform

September 27, 2013 8:33 AM EDT Send to a Friend
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Price: $36.20 +0.30%

Rating Summary:
    1 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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FBR Capital initiates coverage on Simpson Manufacturing (NYSE: SSD) with a Market Perform. PT $36.00.

Analyst Alex Rygiel comments, "Simpson Manufacturing, through its subsidiary Simpson Strong-Tie, is a leading designer and manufacturer of structural connectors for wood and concrete that are used in the construction of homes (single and multifamily) and other buildings. The company has manufacturing plants, warehouses, and distribution facilities throughout North America, Europe, and the Asia-Pacific region. The structural connectors industry is highly competitive, yet Simpson has been able to maintain its leadership position and value proposition to customers through its focus on product innovation, research and testing capabilities, technical and field-level support, product availability, and training."

For an analyst ratings summary and ratings history on Simpson Manufacturing click here. For more ratings news on Simpson Manufacturing click here.

Shares of Simpson Manufacturing closed at $32.72 yesterday.

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