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."

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Shares of Simpson Manufacturing closed at $193.24 yesterday.