Simpson Manufacturing (NYSE:SSD) Announces Quarterly Earnings Results

Simpson Manufacturing (NYSE:SSD - Get Free Report) posted its quarterly earnings data on Monday. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.07), Briefing.com reports. The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD traded down $15.89 during midday trading on Tuesday, hitting $169.23. The stock had a trading volume of 1,404,690 shares, compared to its average volume of 244,854. The company's 50-day moving average price is $197.37 and its 200-day moving average price is $178.73. The company has a market capitalization of $7.19 billion, a P/E ratio of 19.88 and a beta of 1.30. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. Simpson Manufacturing has a fifty-two week low of $112.38 and a fifty-two week high of $218.38.

Insider Activity

In other news, Director Jennifer Chatman sold 934 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at approximately $2,817,522.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Phillip Burton sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares in the company, valued at approximately $854,861.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jennifer Chatman sold 934 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the transaction, the director now owns 14,638 shares of the company's stock, valued at $2,817,522.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on SSD. StockNews.com downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Wednesday, March 27th. Robert W. Baird boosted their target price on shares of 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 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.