Posted by admin on May 11th, 2022
Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) Director James S. Andrasick sold 1,180 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $104.29, for a total value of $123,062.20. Following the completion of the transaction, the director now directly owns 1,178 shares in the company, valued at $122,853.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of SSD opened at $103.35 on Wednesday. The stock’s 50-day moving average is $110.42. The firm has a market cap of $4.48 billion, a P/E ratio of 14.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.85 and a quick ratio of 4.40. Simpson Manufacturing Co., Inc. has a fifty-two week low of $102.10 and a fifty-two week high of $141.26.
Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.60. Simpson Manufacturing had a return on equity of 26.86% and a net margin of 18.07%. The company had revenue of $493.57 million for the quarter, compared to the consensus estimate of $476.28 million. During the same period last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, analysts predict that Simpson Manufacturing Co., Inc. will post 7.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th will be paid a dividend of $0.26 per share. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, July 6th. Simpson Manufacturing’s dividend payout ratio is presently 13.99%.
Several equities analysts recently issued reports on SSD shares. Sidoti raised Simpson Manufacturing from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Tuesday, February 8th. Zacks Investment Research raised Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Thursday, April 28th. CJS Securities raised Simpson Manufacturing from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 8th. Robert W. Baird increased their price target on Simpson Manufacturing from $136.00 to $145.00 in a research report on Tuesday, April 26th. Finally, StockNews.com downgraded Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $139.25.
Several hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in shares of Simpson Manufacturing by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the construction company’s stock worth $1,558,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Simpson Manufacturing by 0.9% during the 4th quarter. State of Michigan Retirement System now owns 11,000 shares of the construction company’s stock worth $1,530,000 after acquiring an additional 100 shares in the last quarter. Strs Ohio boosted its stake in shares of Simpson Manufacturing by 2.0% during the 1st quarter. Strs Ohio now owns 5,000 shares of the construction company’s stock worth $545,000 after acquiring an additional 100 shares in the last quarter. FourThought Financial LLC boosted its stake in shares of Simpson Manufacturing by 5.5% during the 3rd quarter. FourThought Financial LLC now owns 1,989 shares of the construction company’s stock worth $212,000 after acquiring an additional 103 shares in the last quarter. Finally, O Shares Investment Advisers LLC boosted its stake in shares of Simpson Manufacturing by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 4,831 shares of the construction company’s stock worth $672,000 after acquiring an additional 110 shares in the last quarter. 91.44% of the stock is currently owned by institutional investors and hedge funds.
About Simpson Manufacturing (Get Rating)
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.
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