Robert W. Baird Increases Simpson Manufacturing (NYSE:SSD) Price Target to $218.00

Simpson Manufacturing (NYSE:SSD - Get Free Report) had its price target boosted by equities researchers at Robert W. Baird from $202.00 to $218.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Robert W. Baird's target price points to a potential upside of 17.05% from the company's previous close.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded down $3.83 during trading hours on Monday, hitting $186.25. 202,970 shares of the company's stock traded hands, compared to its average volume of 280,823. Simpson Manufacturing has a 12-month low of $123.93 and a 12-month high of $218.38. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 23.34 and a beta of 1.32. The company has a fifty day simple moving average of $183.96 and a 200-day simple moving average of $178.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The firm had revenue of $587.15 million during the quarter, compared to analysts' expectations of $589.00 million. During the same period last year, the business posted $2.43 EPS. The company's revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Simpson Manufacturing will post 8.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now owns 866 shares of the company's stock, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated 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 owns 866 shares of the company's stock, valued at $154,797.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares of the company's stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is owned by insiders.

Institutional Trading of Simpson Manufacturing

Large investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. boosted its position in shares of Simpson Manufacturing by 76.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company's stock valued at $686,000 after acquiring an additional 1,447 shares during the last quarter. Hancock Whitney Corp bought a new stake in shares of Simpson Manufacturing during the 1st quarter valued at about $1,712,000. Vanguard Group Inc. boosted its position in shares of Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock valued at $920,662,000 after acquiring an additional 278,283 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Simpson Manufacturing by 13.0% in the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company's stock worth $9,527,000 after buying an additional 5,339 shares during the last quarter. Finally, BOKF NA lifted its position in Simpson Manufacturing by 77.1% in the 1st quarter. BOKF NA now owns 1,725 shares of the construction company's stock worth $347,000 after buying an additional 751 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Company Profile

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.