Simpson Manufacturing Co (SSD) Initiated with a Hold at Stephens

Stephens analyst Trey Grooms initiated coverage with a Hold rating on Simpson Manufacturing Co today and set a price target of $187.00.

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According to TipRanks, Grooms is ranked #1062 out of 10072 analysts.

In a report released today, TR | OpenAI – 4o also downgraded the stock to a Hold with a $180.00 price target.

Based on Simpson Manufacturing Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $623.51 million and a net profit of $107.44 million. In comparison, last year the company earned a revenue of $587.15 million and had a net profit of $93.52 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SSD in relation to earlier this year. Earlier this month, James Andrasick, a Director at SSD sold 600.00 shares for a total of $102,000.00.