Simpson Manufacturing (NYSE:SSD - Get Free Report) had its target price cut by investment analysts at Robert W. Baird from $196.00 to $192.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the construction company's stock. Robert W. Baird's target price would indicate a potential upside of 10.15% from the stock's previous close.
Simpson Manufacturing Trading Up 4.0 %
Simpson Manufacturing stock traded up $6.69 during midday trading on Tuesday, hitting $174.30. 240,940 shares of the stock were exchanged, compared to its average volume of 258,559. Simpson Manufacturing has a fifty-two week low of $155.73 and a fifty-two week high of $218.38. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 22.98 and a beta of 1.35. The stock's 50-day simple moving average is $169.31 and its 200 day simple moving average is $178.56. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. On average, equities analysts anticipate that Simpson Manufacturing will post 7.55 EPS for the current year.
Insider Buying and Selling at Simpson Manufacturing
In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company's stock.
Institutional Investors Weigh In On Simpson Manufacturing
A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock valued at $73,000 after purchasing an additional 184 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Simpson Manufacturing by 4.0% in the third quarter. Inspire Investing LLC now owns 2,437 shares of the construction company's stock valued at $466,000 after purchasing an additional 94 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of Simpson Manufacturing by 8.7% in the third quarter. Procyon Advisors LLC now owns 2,332 shares of the construction company's stock valued at $446,000 after purchasing an additional 187 shares in the last quarter. Hunter Perkins Capital Management LLC grew its holdings in shares of Simpson Manufacturing by 5.3% in the third quarter. Hunter Perkins Capital Management LLC now owns 7,425 shares of the construction company's stock valued at $1,420,000 after purchasing an additional 375 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Simpson Manufacturing in the third quarter valued at approximately $34,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.
Simpson Manufacturing Company Profile
(
Get Free Report)
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.
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