# Simpson Manufacturing Co., Inc. (SSD)

> Source: Nexqual · https://nexqual.com/SSD · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Simpson Manufacturing Co., Inc. (SSD), nexqual.com/SSD" · informational, not investment advice.

**Price:** USD 186.92 (+3.78% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 180.11 · day 179–187.01 · 52w 156.32–213.49 · market cap $7.66B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.42B, net income $379M (15.6% margin), free cash flow $468M (SEC filings).
- Valuation: P/E 20.2x (avg 21.8x at the last 3 fiscal year-ends), EV/EBITDA 12.5x, net cash $143M.
- 2 of 80 tracked superinvestors hold SSD (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $762K; 2 not under a Rule 10b5-1 plan ($762K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.20 on a 1–5 scale) (5 analysts), mean target USD 216 (range 205–230).
- Total return with dividends: 1Y +6.4% vs S&P 500 +14.9%; 5Y +69.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD 2.4, revenue estimate $625M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.57B | $2.12B | $2.21B | $2.23B | $2.33B | $2.42B |
| Gross profit | $755M | $941M | $1.04B | $1.02B | $1.07B | — |
| Operating income | $368M | $459M | $475M | $430M | $458M | $499M |
| Net income | $266M | $334M | $354M | $322M | $345M | $379M |
| EPS (diluted) | $6.12 | $7.76 | $8.26 | $7.60 | $8.24 | — |
| Free cash flow | $108M | $337M | $338M | $158M | $298M | $468M |
| Gross margin | 48.0% | 44.5% | 47.1% | 45.9% | 45.9% | — |
| Operating margin | 23.4% | 21.7% | 21.5% | 19.3% | 19.6% | 20.6% |
| Net margin | 16.9% | 15.8% | 16.0% | 14.4% | 14.8% | 15.6% |
| Revenue growth | +24.1% | +34.5% | +4.6% | +0.8% | +4.5% | — |
| Cash + short-term investments | $301M | $301M | $430M | $239M | $384M | — |
| Total debt | — | $456M | $433M | $411M | $315M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 20.2x · P/S 3.2x · EV/EBITDA 12.5x · EV/Sales 3.1x · P/FCF 16.4x · P/B 3.6x · FCF yield 6.11% · Earnings yield 4.95% · Dividend yield (paid, TTM) 0.63% · Buyback yield (TTM) 2.07% · Net cash $143M · EV $7.52B
P/E at fiscal year-ends: Dec 2025 19.6x, Dec 2024 21.8x, Dec 2023 24.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold SSD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| ValueAct Capital |  | 3.09% | $174M | Reduced -40.6% |
| John Rogers | Ariel Investments | 0.21% | $20.8M | Added +8.5% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | Olosky Michael | President and CEO | 3,502 | $605K | 6.4% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-04 | Andrasick James S | Director | 800 | $156K | 12.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.20 on a 1–5 scale), 5 analysts; mean target USD 216 (low 205, high 230).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | Stifel | Target raised | Buy | $217 → $218 |
| 2026-07-28 | Stephens & Co. | Target raised | Equal-Weight | $210 → $215 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +6.4% | +69.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +6.4% | +11.1% |
| Volatility (annualized) | 29.0% | 31.3% |
| Max drawdown | -20.4% (Feb 2026→Apr 2026) | -43.8% (Dec 2021→Oct 2022) |

## Peers (Lumber & Wood Production)
WFG (West Fraser Timber Co. Ltd) USD 69.68 +3.97% · UFPI (UFP Industries, Inc.) USD 83.72 +4.66% · BCC (Boise Cascade, L.L.C.) USD 78.29 +3.57% · GFI (Gold Fields Limited) USD 35.14 -4.51% · NTR (Nutrien Ltd.) USD 69.09 +1.42% · STLD (Steel Dynamics, Inc.) USD 239.9 -3.25%

## More
Full page: https://nexqual.com/SSD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| North America | $522.3M | 77.8% | +6.0% | $158.0M | 30.2% |
| Europe | $143.5M | 21.4% | +7.6% | $19.7M | 13.7% |
| Asia/Pacific | $5.3M | 0.8% | +6.5% | -$53,000 | -1.0% |
| Corporate costs (not allocated) | — | — | — | -$8.5M | — |
| Total revenue | $671.1M | 100% | — | $169.1M | 25.2% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Wood construction products | $449.6M | 67.0% | +5.6% |
| Concrete construction products | $71.4M | 10.6% | +8.5% |
| Other | $1.4M | 0.2% | +23.7% |
| Total revenue | $671.1M | 100% | — |
The lines above cover 77.8% of total revenue.

## Revenue by region (quarter ended 2026-03-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $461.9M | 78.6% | +9.8% |
| Europe | $121.0M | 20.6% | +6.3% |
| Asia/Pacific | $5.0M | 0.8% | +15.1% |
| Total revenue | $588.0M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.40 | $2.55 | -5.8% | $625.2M | 4 |
| Next quarter (ends 2026-12-31) | $1.51 | $1.65 | -8.5% | $538.0M | 4 |
| Current fiscal year (ends 2026-12-31) | $9.12 | $9.02 | +1.1% | $2.42B | 4 |
| Next fiscal year (ends 2027-12-31) | $9.56 | $9.85 | -2.9% | $2.51B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-26): ±8.3%; last 8 reports averaged ±5.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 37.1% | ±8.3% |
| 2026-12-18 | 56 | 32.4% | ±10.2% |
| 2027-03-19 | 147 | 31.2% | ±15.8% |
| 2027-05-21 | 210 | 30.8% | ±18.6% |
| 2027-06-17 | 237 | 30.9% | ±19.8% |