Simpson Manufacturing (NYSE:SSD) released its quarterly earnings data on Sunday. The construction company reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.66, MarketWatch Earnings reports. Simpson Manufacturing had a return on equity of 21.52% and a net margin of 15.62%. The firm had revenue of $418.56 million for the quarter, compared to the consensus estimate of $373.70 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s quarterly revenue was up 42.4% on a year-over-year basis.
Shares of SSD opened at $120.84 on Wednesday. The stock has a 50 day moving average of $126.10. Simpson Manufacturing has a 52 week low of $92.86 and a 52 week high of $141.26. The company has a market cap of $5.25 billion, a PE ratio of 23.24 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 28th. Stockholders of record on Thursday, April 7th will be given a $0.25 dividend. The ex-dividend date is Wednesday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. Simpson Manufacturing’s dividend payout ratio is currently 19.23%.
A number of brokerages recently issued reports on SSD. DA Davidson boosted their price target on Simpson Manufacturing from $120.00 to $142.00 in a report on Wednesday, January 5th. Zacks Investment Research upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Friday, January 7th. CJS Securities raised Simpson Manufacturing from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Robert W. Baird lifted their price objective on Simpson Manufacturing from $135.00 to $146.00 in a research report on Wednesday, January 5th. Finally, Sidoti raised Simpson Manufacturing from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Simpson Manufacturing has a consensus rating of “Buy” and a consensus target price of $147.50.
In other Simpson Manufacturing news, insider Roger Dankel sold 1,500 shares of the business’s stock in a transaction on Wednesday, December 1st. The shares were sold at an average price of $117.21, for a total transaction of $175,815.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian J. Magstadt sold 2,000 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. The disclosure for this sale can be found here. Insiders sold a total of 8,100 shares of company stock worth $995,035 over the last ninety days. 0.60% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Simpson Manufacturing stock. LPL Financial LLC raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 47.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,908 shares of the construction company’s stock after purchasing an additional 2,553 shares during the period. LPL Financial LLC’s holdings in Simpson Manufacturing were worth $846,000 as of its most recent filing with the Securities & Exchange Commission. 88.11% of the stock is currently owned by hedge funds and other institutional investors.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc manufactures and markets building and construction solutions. It offers wood construction products, which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects, concrete construction products such as anchor, repair, and protection, and strengthening products for concrete, brick, and masonry applications in industrial, infrastructure, residential commercial, and DIY projects.
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