FY2024 EPS Estimates for Simpson Manufacturing Co., Inc. (NYSE:SSD) Reduced by DA Davidson

Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) - Equities researchers at DA Davidson dropped their FY2024 EPS estimates for shares of Simpson Manufacturing in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst K. Yinger now expects that the construction company will post earnings per share of $8.44 for the year, down from their prior forecast of $8.74. The consensus estimate for Simpson Manufacturing's current full-year earnings is $8.74 per share.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.07). The firm had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The company's revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $2.05 EPS.

SSD has been the subject of several other research reports. StockNews.com upgraded shares of Simpson Manufacturing from a "hold" rating to a "buy" rating in a research report on Wednesday. Robert W. Baird raised their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday, April 18th.

Simpson Manufacturing Price Performance

NYSE SSD traded up $1.20 on Thursday, hitting $170.82. The company had a trading volume of 559,134 shares, compared to its average volume of 254,028. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.11. The company's fifty day moving average price is $196.61 and its 200-day moving average price is $178.86. The company has a market capitalization of $7.25 billion, a PE ratio of 21.25 and a beta of 1.30. Simpson Manufacturing has a 12-month low of $117.08 and a 12-month high of $218.38.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Phillip Burton sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Roger Dankel sold 850 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares of the company's stock, valued at $5,697,573.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Phillip Burton sold 2,000 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the transaction, the executive vice president now directly owns 4,044 shares in the company, valued at approximately $854,861.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,784 shares of company stock worth $770,924. Insiders own 0.42% of the company's stock.

Institutional Trading of Simpson Manufacturing

A number of hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $29,000. Arlington Trust Co LLC purchased a new stake in shares of Simpson Manufacturing in the third quarter valued at about $31,000. GAMMA Investing LLC acquired a new position in shares of Simpson Manufacturing during the fourth quarter worth about $35,000. Headlands Technologies LLC purchased a new position in Simpson Manufacturing during the fourth quarter worth about $37,000. Finally, Rise Advisors LLC acquired a new stake in Simpson Manufacturing in the first quarter valued at about $37,000. 93.68% of the stock is 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.