Simpson Manufacturing (NYSE:SSD) Upgraded at StockNews.com

Simpson Manufacturing (NYSE:SSD) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

Simpson Manufacturing Trading Up 0.2 %

Simpson Manufacturing stock traded up $0.33 during trading hours on Wednesday, reaching $169.56. 664,415 shares of the company’s stock were exchanged, compared to its average volume of 250,166. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. The firm’s 50 day simple moving average is $196.61 and its 200 day simple moving average is $178.86. Simpson Manufacturing has a twelve month low of $117.08 and a twelve month high of $218.38. The firm has a market capitalization of $7.20 billion, a PE ratio of 21.25 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The company had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.77% and a net margin of 15.45%. Simpson Manufacturing’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Research analysts predict that Simpson Manufacturing will post 8.74 earnings per share for the current year.

Insider Transactions at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the transaction, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares in the company, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock valued at $770,924 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Simpson Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSD. Contravisory Investment Management Inc. purchased a new stake in Simpson Manufacturing in the 4th quarter valued at about $29,000. Arlington Trust Co LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at about $31,000. GAMMA Investing LLC purchased a new stake in Simpson Manufacturing in the 4th quarter valued at about $35,000. Headlands Technologies LLC purchased a new stake in Simpson Manufacturing in the 4th quarter valued at about $37,000. Finally, Rise Advisors LLC purchased a new stake in Simpson Manufacturing in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.