Simpson Manufacturing (NYSE:SSD) Hits New 12-Month High at $72.35

Simpson Manufacturing Co, Inc. (NYSE:SSD) reached a new 52-week high during trading on Thursday . The company traded as high as $72.35 and last traded at $72.25, with a volume of 13846 shares changing hands. The stock had previously closed at $71.24.

A number of research analysts recently commented on the stock. ValuEngine downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Simpson Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Sidoti downgraded shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $72.00 to $60.00 in a research report on Tuesday, July 30th.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.21 and a current ratio of 3.90. The company has a market capitalization of $3.16 billion, a PE ratio of 25.04, a P/E/G ratio of 5.18 and a beta of 1.37. The company’s 50-day simple moving average is $67.89 and its 200-day simple moving average is $64.89.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 29th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.14). Simpson Manufacturing had a return on equity of 14.69% and a net margin of 11.21%. The business had revenue of $304.90 million for the quarter, compared to analysts’ expectations of $323.71 million. During the same period in the previous year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Simpson Manufacturing Co, Inc. will post 2.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, October 2nd. Simpson Manufacturing’s payout ratio is currently 31.83%.

In other Simpson Manufacturing news, COO Ricardo M. Arevalo sold 1,301 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $65.37, for a total transaction of $85,046.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Roger Dankel sold 1,300 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $64.39, for a total transaction of $83,707.00. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Simpson Manufacturing in the 2nd quarter worth $53,000. TCI Wealth Advisors Inc. acquired a new stake in shares of Simpson Manufacturing in the 2nd quarter worth $66,000. Point72 Hong Kong Ltd lifted its stake in shares of Simpson Manufacturing by 107.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,502 shares of the construction company’s stock worth $100,000 after acquiring an additional 778 shares during the period. ETF Managers Group LLC lifted its stake in shares of Simpson Manufacturing by 25.7% in the 2nd quarter. ETF Managers Group LLC now owns 3,148 shares of the construction company’s stock worth $207,000 after acquiring an additional 644 shares during the period. Finally, CWM Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the 2nd quarter worth $216,000. Institutional investors own 89.70% of the company’s stock.

About Simpson Manufacturing (NYSE:SSD)

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, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, 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, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.

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