DA Davidson Lifts PT for Simpson Manufacturing (SSD), Keeps Neutral Rating

Simpson Manufacturing Co., Inc. (NYSE:SSD) is one of the 8 Best Lumber Stocks to Buy According to Hedge Funds. On July 29, DA Davidson increased its price target for Simpson Manufacturing Co., Inc. (NYSE:SSD) from $180 to $185 and kept a Neutral rating.

This decision came after Simpson Manufacturing Co., Inc. (NYSE:SSD) shared results for its second quarter of 2025. The results surpassed DA Davidson’s expectations in both revenue and profits. This performance was driven by slightly better than expected sales in North America and price increases.

DA Davidson pointed out that Simpson Manufacturing Co., Inc.’s (NYSE:SSD) pricing strategy seems to be working well. This helped the company reaffirm its forecast for the 2025 EBIT margin, even when market demand expectations have been lowered.

The new price target of $185 represents about 13 times the firm’s estimated EBITDA for 2026 for Simpson Manufacturing Co., Inc. (NYSE:SSD).

Despite lifting the price target, DA Davidson kept its Neutral rating. However, the firm did point out that the company has “an increasingly attractive go-forward setup.”

Simpson Manufacturing Co., Inc. (NYSE:SSD) designs, engineers, and manufactures wood construction products like connectors, truss plates, fastening systems, fasteners, and shear walls. It also manufactures concrete construction products. The company’s building product solutions cater to both the residential and commercial markets in North America and Europe.

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Disclosure: None. This article is originally published at Insider Monkey.