Simpson Manufacturing (NYSE:SSD) Announces Quarterly Earnings Results

Simpson Manufacturing (NYSE:SSD - Get Free Report) released its quarterly earnings results on Monday. The construction company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14, Zacks reports. The firm 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 18.00% and a net margin of 14.44%. Simpson Manufacturing's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded up $0.15 during trading on Thursday, reaching $153.84. The company's stock had a trading volume of 43,098 shares, compared to its average volume of 273,211. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The business's fifty day moving average price is $155.17 and its 200-day moving average price is $168.66. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 20.24 and a beta of 1.33. Simpson Manufacturing has a one year low of $137.35 and a one year high of $197.82.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.73%. Simpson Manufacturing's dividend payout ratio (DPR) is currently 14.58%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. DA Davidson decreased their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird reduced their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is currently owned by corporate insiders.

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.