Posted by admin on Jul 29th, 2022

Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) – Analysts at DA Davidson decreased their FY2023 earnings per share (EPS) estimates for Simpson Manufacturing in a research report issued on Tuesday, July 26th. DA Davidson analyst K. Yinger now anticipates that the construction company will post earnings of $6.72 per share for the year, down from their previous estimate of $7.46. The consensus estimate for Simpson Manufacturing’s current full-year earnings is $7.23 per share.

SSD has been the topic of a number of other reports. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird raised their target price on shares of Simpson Manufacturing from $136.00 to $145.00 in a research note on Tuesday, April 26th.

SSD opened at $101.82 on Thursday. The firm has a 50-day simple moving average of $102.94 and a two-hundred day simple moving average of $109.54. Simpson Manufacturing has a 52 week low of $87.73 and a 52 week high of $141.26. The company has a market capitalization of $4.39 billion, a PE ratio of 13.43 and a beta of 1.19. The company has a quick ratio of 4.40, a current ratio of 5.85 and a debt-to-equity ratio of 0.55.

Simpson Manufacturing (NYSE:SSD – Get Rating) last released its quarterly earnings data on Monday, July 25th. The construction company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.15. The business had revenue of $593.23 million for the quarter, compared to analysts’ expectations of $579.84 million. Simpson Manufacturing had a return on equity of 28.12% and a net margin of 17.44%. The firm’s quarterly revenue was up 44.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS.

Several institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of Simpson Manufacturing by 115.3% during the first quarter. Signaturefd LLC now owns 239 shares of the construction company’s stock valued at $26,000 after acquiring an additional 128 shares during the period. Quantbot Technologies LP acquired a new stake in Simpson Manufacturing during the 1st quarter worth about $30,000. Allworth Financial LP raised its holdings in Simpson Manufacturing by 62.5% during the 2nd quarter. Allworth Financial LP now owns 325 shares of the construction company’s stock worth $33,000 after buying an additional 125 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Simpson Manufacturing by 617.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 244 shares of the construction company’s stock valued at $34,000 after purchasing an additional 210 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $39,000. Institutional investors own 91.44% of the company’s stock.

In related news, CEO Karen Winifred Colonias sold 15,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following the completion of the sale, the chief executive officer now owns 33,423 shares in the company, valued at approximately $3,691,904.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Karen Winifred Colonias sold 15,000 shares of Simpson Manufacturing stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following the completion of the sale, the chief executive officer now directly owns 33,423 shares in the company, valued at $3,691,904.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian J. Magstadt sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the chief financial officer now directly owns 22,547 shares in the company, valued at $2,308,587.33. The disclosure for this sale can be found here. Insiders have sold 22,380 shares of company stock valued at $2,429,487 in the last ninety days. Insiders own 0.60% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 7th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.02%. Simpson Manufacturing’s dividend payout ratio is currently 13.59%.

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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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