Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) have been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Simpson Manufacturing’s rating score has declined by 133% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $63.33 for the company and are expecting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also given Simpson Manufacturing an industry rank of 44 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on SSD. Zacks Investment Research cut shares of Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. DA Davidson cut shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Thursday, December 14th. Robert W. Baird reissued a “buy” rating and set a $64.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Finally, Sidoti began coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price objective for the company.
Simpson Manufacturing (NYSE SSD) traded down $0.56 during mid-day trading on Tuesday, hitting $57.04. 135,013 shares of the stock were exchanged, compared to its average volume of 304,706. Simpson Manufacturing has a 52 week low of $39.82 and a 52 week high of $61.62. The firm has a market cap of $2,725.27, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 4.31 and a beta of 1.54.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The company had revenue of $231.68 million for the quarter, compared to analyst estimates of $224.47 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Simpson Manufacturing’s revenue was up 15.7% on a year-over-year basis. analysts anticipate that Simpson Manufacturing will post 2.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.47%. Simpson Manufacturing’s dividend payout ratio (DPR) is 43.52%.
In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 122,841 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.90, for a total value of $7,235,334.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Roger Dankel sold 1,300 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $59.01, for a total transaction of $76,713.00. Following the completion of the sale, the insider now directly owns 60 shares of the company’s stock, valued at $3,540.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 806,438 shares of company stock valued at $47,435,261. Corporate insiders own 0.36% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in Simpson Manufacturing in the 3rd quarter worth approximately $103,000. Renaissance Technologies LLC purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $207,000. Shelton Capital Management purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $209,000. Everence Capital Management Inc. purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $229,000. Finally, Neuberger Berman Group LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter worth approximately $230,000. 83.87% of the stock is owned by hedge funds and other institutional investors.
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Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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