Simpson Manufacturing (SSD) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simpson Manufacturing in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SSD shares.
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2 brokerages have issued 1-year price objectives for Simpson Manufacturing's shares. Their SSD share price forecasts range from $135.00 to $140.00. On average, they predict the company's share price to reach $137.50 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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Simpson Manufacturing's stock was trading at $88.66 at the beginning of the year. Since then, SSD shares have increased by 36.9% and is now trading at $121.34.
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Simpson Manufacturing saw a increase in short interest in April. As of April 30th, there was short interest totaling 794,800 shares, an increase of 13.1% from the April 15th total of 703,000 shares. Based on an average daily trading volume, of 170,700 shares, the days-to-cover ratio is currently 4.7 days. Currently, 1.9% of the company's shares are sold short.
View Simpson Manufacturing's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our SSD earnings forecast.

Simpson Manufacturing Co., Inc. (NYSE:SSD) posted its quarterly earnings results on Monday, April, 24th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.59. The construction company earned $534.40 million during the quarter, compared to analyst estimates of $486.76 million. Simpson Manufacturing had a net margin of 15.18% and a trailing twelve-month return on equity of 23.71%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.18 earnings per share.

Simpson Manufacturing declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Thursday, July 6th will be given a dividend of $0.27 per share on Thursday, July 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, July 5th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for SSD.

ETFs with the largest weight of Simpson Manufacturing (NYSE:SSD) stock in their portfolio include Invesco S&P MidCap 400 Pure Growth ETF (RFG), Schwab Ariel ESG ETF (SAEF), iShares U.S. Home Construction ETF (ITB), Hoya Capital Housing ETF (HOMZ), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Royce Quant Small-Cap Quality Value ETF (SQLV), iShares U.S. Infrastructure ETF (IFRA) and Pacer US Cash Cows Growth ETF (BUL).

Simpson Manufacturing (NYSE:SSD) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.86%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSD will have a dividend payout ratio of 12.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSD.

57 employees have rated Simpson Manufacturing Chief Executive Officer Karen W. Colonias on Glassdoor.com. Karen W. Colonias has an approval rating of 62% among the company's employees. This puts Karen W. Colonias in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Simpson Manufacturing investors own include Intel (INTC), Walt Disney (DIS), Wells Fargo & Company (WFC), Bank of America (BAC), CVS Health (CVS), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T), Verizon Communications (VZ) and Whirlpool (WHR).

Simpson Manufacturing trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSD."

Simpson Manufacturing's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.51%), Kayne Anderson Rudnick Investment Management LLC (10.83%), JPMorgan Chase & Co. (4.35%), State Street Corp (3.27%), Conestoga Capital Advisors LLC (3.23%) and Ameriprise Financial Inc. (2.84%). Insiders that own company stock include Brian J Magstadt, Brian J Magstadt, Greenway Robin Macgillivray, James S Andrasick, Jennifer Chatman, Karen Winifred Colonias, Michael A Bless, Michael Andersen, Michael Olosky and Roger Dankel.
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Shares of SSD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SSD stock can currently be purchased for approximately $121.34.

Simpson Manufacturing (NYSE:SSD) has a market capitalization of $5.18 billion and generates $2.12 billion in revenue each year. The construction company earns $333.99 million in net income (profit) each year or $7.62 on an earnings per share basis.

The company employs 5,158 workers across the globe.

Simpson Manufacturing's mailing address is 5956 W. Las Positas Blvd, Pleasanton CA, 94588. The official website for the company is www.simpsonmfg.com. The construction company can be reached via phone at (925) 560-9000, via email at investor.relations@strongtie.com, or via fax at 925-847-1597.