Robert W. Baird Keeps a Buy Rating on Simpson Manufacturing Co (SSD)

Robert W. Baird analyst Timothy Wojs maintained a Buy rating on Simpson Manufacturing Co (SSDResearch Report) on December 29 and set a price target of $135.00. The company’s shares closed last Friday at $139.07.

According to TipRanks.com, Wojs is a 4-star analyst with an average return of 7.2% and a 61.3% success rate. Wojs covers the Industrial Goods sector, focusing on stocks such as Masonite International, Lennox International, and Carlisle Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Simpson Manufacturing Co with a $135.00 average price target.

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Simpson Manufacturing Co’s market cap is currently $6.04B and has a P/E ratio of 26.79.

Based on the recent corporate insider activity of 41 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Simpson Manufacturing Co., Inc. manufactures and markets building and construction solutions. It offers wood construction products which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects; and concrete construction products such as anchor; and repair, protection, and strengthening products for concrete, brick and masonry applications in industrial, infrastructure, residential commercial, and DYI projects. The firm operates through the following geographical segments: North America, Europe, and Asia/Pacific. The North America segment covers United States and Canada operations. The Europe segment includes operations primarily in France, the United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, The Netherlands, Belgium, Sweden, and Norway. The Asia/Pacific segment includes Australia, New Zealand, South Africa, China, Taiwan, and Vietnam. The company was founded by Barclay Simpson in 1956 and is headquartered in Pleasanton, CA.

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