Simpson Manufacturing (NYSE:SSD) Announces Earnings Results, Beats Estimates By $0.04 EPS

Simpson Manufacturing (NYSE:SSD - Get Free Report) released its earnings results on Monday. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04, Zacks reports. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%.

Simpson Manufacturing Stock Up 1.9 %

Simpson Manufacturing stock traded up $3.07 during mid-day trading on Thursday, reaching $167.75. 249,764 shares of the company were exchanged, compared to its average volume of 259,985. The business has a fifty day moving average of $169.31 and a 200 day moving average of $178.56. The firm has a market cap of $7.07 billion, a P/E ratio of 22.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing has a 12-month low of $155.73 and a 12-month high of $218.38.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors 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 0.67%. Simpson Manufacturing's payout ratio is 14.80%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company's stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday.

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.