Simpson Manufacturing (NYSE:SSD) Given New $215.00 Price Target at Robert W. Baird

Simpson Manufacturing (NYSE:SSD - Free Report) had its price objective lifted by Robert W. Baird from $205.00 to $215.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the construction company's stock.

Separately, StockNews.com downgraded shares of Simpson Manufacturing from a buy rating to a hold rating in a report on Wednesday, March 27th.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock traded up $3.23 during trading on Thursday, hitting $182.03. 380,240 shares of the company's stock traded hands, compared to its average volume of 224,471. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11. The firm's fifty day moving average price is $197.72 and its 200 day moving average price is $177.76. Simpson Manufacturing has a twelve month low of $110.40 and a twelve month high of $218.38. The company has a market cap of $7.73 billion, a PE ratio of 22.04 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The business had revenue of $501.70 million for the quarter, compared to analyst estimates of $482.98 million. During the same quarter last year, the firm posted $1.35 earnings per share. Simpson Manufacturing's revenue was up 5.5% on a year-over-year basis. Analysts forecast that Simpson Manufacturing will post 8.74 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, April 3rd. Simpson Manufacturing's dividend payout ratio is presently 13.08%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $184.16, for a total value of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares of the company's stock, valued at $5,033,092.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Roger Dankel sold 850 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the sale, the executive vice president now directly owns 27,330 shares of the company's stock, valued at $5,033,092.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Phillip Burton sold 2,000 shares of the business'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 transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company's stock, valued at $854,861.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,634 shares of company stock valued at $927,460. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On Simpson Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth approximately $29,000. Rise Advisors LLC acquired a new position in Simpson Manufacturing during the first quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new position in Simpson Manufacturing during the fourth quarter valued at approximately $37,000. GAMMA Investing LLC acquired a new position in Simpson Manufacturing during the fourth quarter valued at approximately $35,000. Finally, Arlington Trust Co LLC acquired a new position in Simpson Manufacturing during the third quarter valued at approximately $31,000. 93.68% of the stock is owned by institutional investors.

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.