Simpson Manufacturing Company, Inc. (SSD) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Simpson Manufacturing has a consensus “Hold” rating from six brokerages, with three buys, two holds and one sell. The average 12-month price target is $216.25, above the reported share price of $176.84.
• Quarterly results exceeded expectations: The company reported EPS of $3.09 versus the $2.72 consensus estimate, while revenue rose 6.3% year over year to $671.08 million.
• Institutional ownership remains high, but the CEO reduced his stake: Hedge funds and other institutions own 93.68% of shares, while CEO Michael Olosky sold 3,502 shares. Simpson also declared a quarterly dividend of $0.30 per share, representing a 0.7% annualized yield.

Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Get Free Report) have been assigned a consensus rating of "Hold" from the six brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $216.25.

Several research analysts have weighed in on the stock. Stephens upped their price objective on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the stock a "cautious" rating in a report on Tuesday, July 28th. Stifel Nicolaus lifted their price objective on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a "buy" rating in a report on Monday, August 3rd. UBS Group reiterated a "neutral" rating on shares of Simpson Manufacturing in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Simpson Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 24th.

Insider Buying and Selling

In other news, CEO Michael Olosky sold 3,502 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $172.84, for a total value of $605,285.68. Following the completion of the sale, the chief executive officer directly owned 51,398 shares of the company's stock, valued at $8,883,630.32. This represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its position in shares of Simpson Manufacturing by 23.2% during the 3rd quarter. IFP Advisors Inc now owns 1,021 shares of the construction company's stock valued at $174,000 after purchasing an additional 192 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Simpson Manufacturing in the 3rd quarter worth about $473,000. Krilogy Financial LLC boosted its holdings in shares of Simpson Manufacturing by 10.7% in the 3rd quarter. Krilogy Financial LLC now owns 1,426 shares of the construction company's stock worth $243,000 after buying an additional 138 shares during the last quarter. Mirador Capital Partners LP grew its position in Simpson Manufacturing by 0.9% during the third quarter. Mirador Capital Partners LP now owns 7,466 shares of the construction company's stock valued at $1,276,000 after buying an additional 66 shares during the period. Finally, Wedmont Private Capital bought a new position in Simpson Manufacturing during the third quarter valued at about $347,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Trading Up 0.2%

NYSE SSD opened at $176.84 on Tuesday. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 19.33 and a beta of 1.32. Simpson Manufacturing has a 52 week low of $156.32 and a 52 week high of $213.49. The business has a 50 day moving average price of $178.94 and a 200-day moving average price of $185.16. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.15.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%. The company had revenue of $671.08 million for the quarter, compared to analysts' expectations of $658.76 million. During the same period last year, the business earned $2.47 EPS. Simpson Manufacturing's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Simpson Manufacturing will post 9.30 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.

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