Simpson Manufacturing Company, Inc. (NYSE:SSD) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts hold a neutral view: Six brokerages give Simpson Manufacturing a consensus “Hold” rating, with three buys, two holds and one sell. The average 12-month price target is $216.25.
• Quarterly results exceeded expectations: Simpson reported earnings of $3.09 per share versus the $2.72 consensus estimate, while revenue rose 6.3% year over year to $671.08 million.
• Shareholders received a dividend: The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 0.7% yield; institutional investors own 93.68% of the stock.

Simpson Manufacturing Company, Inc. (NYSE:SSD - Get Free Report) has received a consensus rating of "Hold" from the six research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $216.25.

A number of analysts recently commented on SSD shares. Wall Street Zen downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Stephens upped their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the company a "cautious" rating in a report on Tuesday, July 28th. UBS Group reaffirmed a "neutral" rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Stifel Nicolaus upped their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Simpson Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 24th.

Simpson Manufacturing Trading Down 0.0%

Shares of NYSE:SSD opened at $182.04 on Monday. Simpson Manufacturing has a twelve month low of $156.32 and a twelve month high of $213.49. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The firm has a market cap of $7.49 billion, a P/E ratio of 19.90 and a beta of 1.31. The company has a 50 day moving average of $193.49 and a 200-day moving average of $188.36.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.72 by $0.37. The firm had revenue of $671.08 million during the quarter, compared to the consensus estimate of $658.76 million. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 earnings per share. As a group, analysts anticipate that Simpson Manufacturing will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 13.11%.

Institutional Trading of Simpson Manufacturing

A number of institutional investors have recently added to or reduced their stakes in the business. Candriam S.C.A. bought a new position in shares of Simpson Manufacturing in the 1st quarter worth $7,133,000. Polar Asset Management Partners Inc. bought a new position in Simpson Manufacturing during the 2nd quarter worth approximately $5,255,000. Cooke & Bieler LP boosted its stake in Simpson Manufacturing by 77.9% during the 4th quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company's stock worth $20,940,000 after acquiring an additional 56,769 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Simpson Manufacturing during the first quarter valued at approximately $4,424,000. Finally, Callan Family Office LLC acquired a new position in Simpson Manufacturing during the second quarter valued at approximately $10,695,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.

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