12 Best Land and Timber Stocks to Buy According to Analysts

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10. Simpson Manufacturing Co. Inc. (NYSE:SSD)

Average Price Target Upside Potential According to Analysts: 15.62%

Number of Hedge Fund Holders: 22

Simpson Manufacturing Co. Inc. (NYSE:SSD) designs, engineers, and manufactures wood construction products. The company’s extensive product range includes connectors, truss plates, fastening systems, fasteners, and shear walls. Simpson Manufacturing Co. Inc. (NYSE:SSD) works closely with manufacturers of engineered wood and composite laminated timber. It also manufactures concrete construction products. SSD is one of the best timber stocks to buy.

For Q3 2024, Simpson Manufacturing Co. Inc. (NYSE:SSD) reported net sales of $587.2 million, showing a slight increase year-over-year despite ongoing challenges in the housing markets in both the US and Europe. The company achieved a notable 500 basis point volume growth in North America by outperforming US housing starts over the past year. To improve profitability amid market pressures, Simpson Manufacturing Co. Inc. (NYSE:SSD) is focused on aligning its costs with current conditions.

The company is investing in its facilities to boost production capabilities, with an expansion of its Columbus, Ohio facility set to be operational by early 2025 and a new fastener facility in Gallatin, Tennessee expected to be completed by late 2025. Additionally, Simpson Manufacturing Co. Inc. (NYSE:SSD) acquired QuickFrames USA during the third quarter of 2024. This acquisition strengthens its market position and expands its product offerings in engineered structural roof frames across North America.

With strategic capital allocations and acquisitions, Simpson Manufacturing Co. Inc. (NYSE:SSD) is well-positioned for future growth. Its proactive approach to adapting to market challenges while enhancing operational capacity makes it an attractive stock.

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