Simpson Manufacturing (NYSE:SSD) Sets New 1-Year Low - Time to Sell?

Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as $149.80 and last traded at $153.58, with a volume of 259408 shares changing hands. The stock had previously closed at $154.12.

Analyst Ratings Changes

SSD has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson reduced their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

Simpson Manufacturing Stock Performance

The business's fifty day moving average price is $154.61 and its 200-day moving average price is $167.82. The stock has a market cap of $6.54 billion, a PE ratio of 20.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The firm had revenue of $538.90 million during 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 was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. As a group, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Simpson Manufacturing

Several institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at approximately $28,000. Investment Management Corp VA ADV bought a new position in Simpson Manufacturing during the fourth quarter valued at $28,000. Park Place Capital Corp bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $29,000. R Squared Ltd purchased a new stake in Simpson Manufacturing during the fourth quarter valued at approximately $30,000. Finally, UMB Bank n.a. lifted its position in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after buying an additional 97 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other 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.