What is DA Davidson’s Estimate for SSD FY2025 Earnings?

Simpson Manufacturing Co., Inc. (NYSE:SSD) – Research analysts at DA Davidson lowered their FY2025 EPS estimates for Simpson Manufacturing in a report released on Tuesday, October 22nd. DA Davidson analyst K. Yinger now expects that the construction company will earn $8.39 per share for the year, down from their prior forecast of $9.14. The consensus estimate for Simpson Manufacturing’s current full-year earnings is $7.55 per share.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same period in the previous year, the business posted $2.43 EPS. The firm’s revenue was up 1.2% on a year-over-year basis.

Separately, Robert W. Baird raised their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $181.43 on Thursday. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 22.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 2.21. The business has a 50 day simple moving average of $184.53 and a 200-day simple moving average of $177.97. Simpson Manufacturing has a 1 year low of $126.83 and a 1 year high of $218.38.

Hedge Funds Weigh In On Simpson Manufacturing

A number of institutional investors have recently modified their holdings of SSD. Vanguard Group Inc. grew its stake in Simpson Manufacturing by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Simpson Manufacturing by 1.4% during the second quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock valued at $235,551,000 after buying an additional 19,312 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Simpson Manufacturing by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after acquiring an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock worth $101,928,000 after acquiring an additional 8,535 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Simpson Manufacturing by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock worth $77,623,000 after acquiring an additional 4,195 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the sale, the director now directly owns 866 shares of the company’s stock, valued at $154,797.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,571 shares of company stock worth $2,348,027 over the last 90 days. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is currently 14.04%.

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.