Stifel Reiterates Buy Rating on Simpson Manufacturing (SSD)

Stifel analyst W. Andrew Carter reiterated a Buy rating and $217.00 price target on Simpson Manufacturing (NYSE: SSD).

The analyst commented, "QUICK WORD: POSITIVE2Q26 revenue, operating income, and EPS all above our street-high estimates even when excluding a $5.5 million eminent domain settlement. Total revenue +6.3% including +5.7% organic growth. North America +6% and Europe +7.6%.Increased FY26 Operating Margin Guidance at low end: 19.7% to 20.5%, up from 19.5% to 20.5%. Increased FY26 share repurchase authorization to $200 million, up from $150 million with SSD repurchasing. We now estimate $9.43 FY26E EPS, up from $9.30, with a 21.0% FY26 operating margin, up from 20.6%, comfortably above the high end of guidance with 2H26 implying margin compression despite a 100 bps benefit. We will make further adjustments to our model with current model reflecting incremental pressure to FY27E-FY28E from share repurchase price assumptions, FX, and 2H26 changes.We continue with our Buy rating and expect the shares to trade higher tomorrow."

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 $193.24 yesterday.

You May Also Be Interested In

• HF Sinclair (DINO) PT Raised to $114 at Goldman Sachs
• OS Therapies ends $18M at-market stock sales agreement early
• Entegris Executive Chair Loy to retire, Gentilcore named board chair