Robert W. Baird Issues Pessimistic Forecast for Simpson Manufacturing (NYSE:SSD) Stock Price

Simpson Manufacturing (NYSE:SSD) had its price target dropped by analysts at Robert W. Baird from $196.00 to $192.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target points to a potential upside of 16.53% from the company’s current price.

Simpson Manufacturing Trading Down 2.7 %

Shares of NYSE:SSD opened at $164.76 on Tuesday. Simpson Manufacturing has a 12-month low of $155.73 and a 12-month high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.95 billion, a P/E ratio of 21.76 and a beta of 1.35. The firm has a fifty day moving average of $169.56 and a two-hundred day moving average of $178.64.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. On average, equities analysts expect that Simpson Manufacturing will post 7.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 250 shares of the business’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 sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC bought a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $16,060,000. Diversified Trust Co bought a new stake in Simpson Manufacturing during the 4th quarter worth about $591,000. US Bancorp DE boosted its stake in shares of Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after purchasing an additional 352 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after buying an additional 5,863 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after buying an additional 6,585 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

About Simpson Manufacturing

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.