Stifel initiated coverage of Simpson Manufacturing (NYSE:SSD) on April 21, 2026, with a Buy recommendation, suggesting a 19.30% upside based on an average price target of $217.26 per share. The projections range from a low of $202.00 to a high of $241.50, compared to the latest closing price of $182.11.
The projected annual revenue for Simpson Manufacturing is expected to reach $2.422 billion, marking a 3.82% increase, with a non-GAAP EPS forecasted at 6.98. Institutional ownership saw a notable decrease of 48.73% in the last quarter, dropping to 445 funds holding a total of 41.88 million shares, a 19.71% decline.
The put/call ratio stands at 0.32, indicating a bullish sentiment among investors. Key institutional stakeholders include Kayne Anderson Rudnick Investment Management, which decreased its holdings by 7.79%, and ValueAct Holdings, which increased its stake by 17.95%.
