Simpson Manufacturing Company, Inc. Declares Quarterly Dividend of $0.29 (NYSE:SSD)

Key Points

• Simpson Manufacturing has declared a quarterly dividend of $0.29 per share, with a record date of October 2nd and payment scheduled for October 23rd, resulting in an annualized dividend of $1.16 and a yield of 0.71%.
• The company maintains a low payout ratio of 13.1%, suggesting its dividend is well-covered by earnings, with expected earnings of $9.05 per share projected for next year.
• Simpson Manufacturing reported $1.85 earnings per share for the last quarter, exceeding analyst estimates, and recorded a revenue of $538.90 million, up 1.6% year-over-year.
• Currently, 93.68% of Simpson Manufacturing's stock is owned by institutional investors, highlighting significant institutional interest in the company.

Simpson Manufacturing Company, Inc. (NYSE:SSD - Get Free Report) announced a quarterly dividend on Friday, July 25th, RTT News reports. Stockholders of record on Thursday, October 2nd will be given a dividend of 0.29 per share by the construction company on Thursday, October 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.71%.

Simpson Manufacturing has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.05 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 12.8%.

Simpson Manufacturing Trading Up 0.1%

NYSE:SSD opened at $163.71 on Friday. The stock has a fifty day moving average price of $158.90 and a two-hundred day moving average price of $159.52. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 21.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17. Simpson Manufacturing has a 1 year low of $137.35 and a 1 year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. Simpson Manufacturing's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 earnings per share. As a group, sell-side analysts anticipate that Simpson Manufacturing will post 8.29 earnings per share for the current fiscal year.

Institutional Trading of Simpson Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in shares of Simpson Manufacturing by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company's stock valued at $33,327,000 after purchasing an additional 64,114 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Simpson Manufacturing by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company's stock valued at $19,022,000 after buying an additional 12,865 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Simpson Manufacturing during the 1st quarter valued at about $531,000. AQR Capital Management LLC raised its holdings in shares of Simpson Manufacturing by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company's stock valued at $798,000 after buying an additional 1,726 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Simpson Manufacturing by 11.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company's stock valued at $427,000 after buying an additional 286 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

About Simpson Manufacturing

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.

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