Simpson Manufacturing (NYSE:SSD) Hits New 1-Year Low – Here’s What Happened

Simpson Manufacturing Co., Inc. (NYSE:SSD) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $155.78 and last traded at $158.50, with a volume of 24688 shares traded. The stock had previously closed at $159.08.

Wall Street Analyst Weigh In

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

Simpson Manufacturing Trading Down 0.7 %

The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.87 and a beta of 1.35. The firm’s 50-day moving average is $177.71 and its 200 day moving average is $179.91.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). The business had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 EPS. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by insiders.

Institutional Trading of Simpson Manufacturing

A number of large investors have recently bought and sold shares of SSD. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing in the third quarter valued at approximately $34,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth approximately $37,000. Millburn Ridgefield Corp bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth approximately $51,000. Finally, Huntington National Bank grew its position in shares of Simpson Manufacturing by 73.2% during the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after buying an additional 142 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

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.