Simpson Manufacturing (SSD) Reaches New 1-Year High and Low at $62.20

Simpson Manufacturing (NYSE:SSD) shares hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $62.20 and last traded at $61.94, with a volume of 4581 shares changing hands. The stock had previously closed at $60.92.

A number of brokerages recently issued reports on SSD. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating and set a $67.00 price target on the stock in a report on Thursday, May 3rd. ValuEngine upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $64.25.

The firm has a market cap of $2.79 billion, a PE ratio of 31.30, a PEG ratio of 4.30 and a beta of 1.51.



Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 30th. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Simpson Manufacturing had a return on equity of 10.85% and a net margin of 9.47%. The company had revenue of $244.80 million for the quarter, compared to the consensus estimate of $237.57 million. During the same quarter in the previous year, the business earned $0.30 EPS. Simpson Manufacturing’s revenue was up 11.3% compared to the same quarter last year. research analysts expect that Simpson Manufacturing will post 2.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 26th. Shareholders of record on Thursday, July 5th will be issued a dividend of $0.22 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.42%. Simpson Manufacturing’s dividend payout ratio is 42.42%.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 27,550 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.50, for a total transaction of $1,611,675.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Psb Fund Simpson sold 253,749 shares of the company’s stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $57.64, for a total value of $14,626,092.36. Following the transaction, the insider now owns 719,269 shares in the company, valued at approximately $41,458,665.16. The disclosure for this sale can be found here. Insiders have sold a total of 758,207 shares of company stock worth $43,648,455 in the last quarter. Company insiders own 0.39% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Simpson Manufacturing by 3.4% during the 4th quarter. BlackRock Inc. now owns 5,640,565 shares of the construction company’s stock worth $323,825,000 after acquiring an additional 184,669 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Simpson Manufacturing by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,825,382 shares of the construction company’s stock worth $105,124,000 after acquiring an additional 15,100 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Simpson Manufacturing by 3.3% during the 1st quarter. Wells Fargo & Company MN now owns 1,583,067 shares of the construction company’s stock worth $91,169,000 after acquiring an additional 49,861 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Simpson Manufacturing by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,428,396 shares of the construction company’s stock worth $82,005,000 after acquiring an additional 120,489 shares during the period. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Simpson Manufacturing by 13.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,359,480 shares of the construction company’s stock worth $78,048,000 after acquiring an additional 155,960 shares during the period. Hedge funds and other institutional investors own 88.54% of the company’s stock.

About Simpson Manufacturing

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

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