Simpson Manufacturing Company, Inc. (NYSE:SSD) issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03, Bloomberg Earnings reports. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The firm had revenue of $263 million for the quarter, compared to the consensus estimate of $259.05 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis.
Simpson Manufacturing (SSD) traded up 1.35% during midday trading on Friday, reaching $44.92. The company had a trading volume of 185,394 shares. The firm’s 50 day moving average is $43.63 and its 200 day moving average is $42.67. The stock has a market capitalization of $2.14 billion, a PE ratio of 21.91 and a beta of 1.41. Simpson Manufacturing has a 1-year low of $39.82 and a 1-year high of $48.41.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. Simpson Manufacturing’s payout ratio is currently 40.98%.
Several research analysts recently issued reports on the company. BidaskClub raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research raised Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, July 25th.
In other Simpson Manufacturing news, insider Psb Fund Simpson sold 33,581 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $43.62, for a total value of $1,464,803.22. Following the completion of the sale, the insider now directly owns 1,399,180 shares of the company’s stock, valued at $61,032,231.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sharon H. Simpson sold 106,776 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $43.90, for a total transaction of $4,687,466.40. The disclosure for this sale can be found here. Insiders have sold 350,999 shares of company stock worth $15,341,008 over the last ninety days. 0.36% of the stock is currently owned by insiders.
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About Simpson Manufacturing
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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