Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $152.87 and last traded at $153.01, with a volume of 67569 shares traded. The stock had previously closed at $156.76.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on SSD shares. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird reduced their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th.
Read Our Latest Research Report on Simpson Manufacturing
Simpson Manufacturing Stock Up 0.2 %
The firm has a fifty day simple moving average of $165.37 and a 200 day simple moving average of $175.57. The company has a market cap of $6.75 billion, a PE ratio of 21.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.
Simpson Manufacturing Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.
Insider Activity at Simpson Manufacturing
In other news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.
Institutional Trading of Simpson Manufacturing
Several large investors have recently added to or reduced their stakes in SSD. Quest Partners LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter valued at about $131,000. Charles Schwab Investment Management Inc. boosted its holdings in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock worth $93,171,000 after acquiring an additional 6,585 shares during the period. Raymond James Trust N.A. grew its position in Simpson Manufacturing by 17.6% in the third quarter. Raymond James Trust N.A. now owns 4,950 shares of the construction company's stock valued at $947,000 after acquiring an additional 742 shares in the last quarter. Citigroup Inc. raised its stake in shares of Simpson Manufacturing by 4.0% during the third quarter. Citigroup Inc. now owns 46,119 shares of the construction company's stock valued at $8,821,000 after purchasing an additional 1,783 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Simpson Manufacturing by 61.0% during the third quarter. Cerity Partners LLC now owns 22,750 shares of the construction company's stock worth $4,351,000 after purchasing an additional 8,616 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.
About Simpson Manufacturing
(
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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