Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $155.61 and last traded at $156.00, with a volume of 11808 shares trading hands. The stock had previously closed at $159.32.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird reduced their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.
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Simpson Manufacturing Stock Performance
The company has a market capitalization of $6.96 billion, a PE ratio of 21.71 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. The stock's fifty day simple moving average is $166.37 and its 200-day simple moving average is $177.26.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The business 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 dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing's payout ratio is currently 14.74%.
Insider Transactions at Simpson Manufacturing
In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.
Institutional Trading of Simpson Manufacturing
A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock worth $74,000 after purchasing an additional 64 shares in the last quarter. CIBC Asset Management Inc increased its position in Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after purchasing an additional 64 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Simpson Manufacturing by 2.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after purchasing an additional 70 shares in the last quarter. Pacer Advisors Inc. increased its position in Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after purchasing an additional 88 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.
Simpson Manufacturing Company Profile
(
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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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