News articles about Simpson Manufacturing (NYSE:SSD) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Simpson Manufacturing earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.7001931478508 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Insider Selling: Simpson Manufacturing Company, Inc. (SSD) Major Shareholder Sells 70,582 Shares of Stock (americanbankingnews.com)
- Simpson Manufacturing Company, Inc. (SSD) Expected to Post Quarterly Sales of $266.40 Million (americanbankingnews.com)
- $0.63 EPS Expected for Simpson Manufacturing Company, Inc. (SSD) This Quarter (americanbankingnews.com)
- Simpson Manufacturing (SSD) versus The Competition Head to Head Comparison (americanbankingnews.com)
- Simpson Manufacturing Company, Inc. (SSD) Insider Sells $4,722,251.88 in Stock (americanbankingnews.com)
A number of research firms have commented on SSD. Zacks Investment Research lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, June 19th.
Simpson Manufacturing (NYSE SSD) opened at 49.52 on Wednesday. Simpson Manufacturing has a 52-week low of $39.82 and a 52-week high of $50.10. The firm’s 50-day moving average price is $46.48 and its 200-day moving average price is $43.53. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 24.16 and a beta of 1.40.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The business had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate that Simpson Manufacturing will post $2.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
In other Simpson Manufacturing news, insider Psb Fund Simpson sold 72,424 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $49.23, for a total transaction of $3,565,433.52. Following the completion of the transaction, the insider now owns 1,266,213 shares in the company, valued at $62,335,665.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Sharon H. Simpson sold 70,582 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $49.41, for a total value of $3,487,456.62. The disclosure for this sale can be found here. Insiders have sold 310,752 shares of company stock valued at $14,549,010,118 in the last 90 days. Company insiders own 0.36% of the company’s stock.
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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