DA Davidson Issues Pessimistic Estimate for SSD Earnings

Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) - Analysts at DA Davidson cut their FY2025 earnings per share estimates for Simpson Manufacturing in a research note issued on Tuesday, October 22nd. DA Davidson analyst K. Yinger now forecasts that the construction company will post earnings of $8.39 per share for the year, down from their prior estimate of $9.14. The consensus estimate for Simpson Manufacturing's current full-year earnings is $7.55 per share.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm had revenue of $587.15 million for the quarter, compared to analysts' expectations of $589.00 million. During the same period last year, the firm posted $2.43 EPS. Simpson Manufacturing's revenue was up 1.2% on a year-over-year basis.

Separately, Robert W. Baird upped their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research report on Monday.

Simpson Manufacturing Trading Up 3.1 %

SSD stock traded up $5.48 during trading on Thursday, reaching $181.96. 277,183 shares of the stock traded hands, compared to its average volume of 282,152. The business's 50 day moving average price is $184.33 and its 200-day moving average price is $178.02. Simpson Manufacturing has a 52-week low of $124.50 and a 52-week high of $218.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 2.21. The firm has a market capitalization of $7.67 billion, a PE ratio of 23.31 and a beta of 1.32.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing during the first quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing during the 3rd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Simpson Manufacturing by 550.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company's stock worth $45,000 after buying an additional 187 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock worth $73,000 after acquiring an additional 184 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $77,000. 93.68% of the stock is currently owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares of the company's stock, valued at $4,582,748.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the sale, the executive vice president now owns 24,064 shares of the company's stock, valued at approximately $4,582,748.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,571 shares of company stock valued at $2,348,027. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

About Simpson Manufacturing

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