NYSE:SSD

Simpson Manufacturing (SSD) Stock Forecast, Price & News

$149.81

-0.88 (-0.58%)

(As of 09/29/2023 ET)

Compare

Today's Range: $149.36
▼
$151.63
50-Day Range: $146.35
▼
$163.52
52-Week Range: $75.25
▼
$166.02

Volume: 186,228 shs
Average Volume: 161,017 shs
Market Capitalization: $6.39 billion

P/E Ratio: 18.82
Dividend Yield: 0.72%
Price Target: $182.50

Simpson Manufacturing MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 21.8% Upside
$182.50 Price Target
Short Interest: Bearish
1.69% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.81
Based on 3 Articles This Week
Insider Trading: Selling Shares
$656,495 Sold Last Quarter
Proj. Earnings Growth: 7.79%
From $8.22 to $8.86 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Construction Sector

70th out of 101 stocks

Cutlery, Handtools, & General Hardware Industry

5th out of 6 stocks

2.3

Analyst's Opinion

Consensus Rating
Simpson Manufacturing has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $182.50, Simpson Manufacturing has a forecasted upside of 21.8% from its current price of $149.81.
Amount of Analyst Coverage
Simpson Manufacturing has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.69% of the float of Simpson Manufacturing has been sold short.
Short Interest Ratio / Days to Cover
Simpson Manufacturing has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Simpson Manufacturing has recently increased by 0.21%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Simpson Manufacturing has a dividend yield of 0.72%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Simpson Manufacturing has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Simpson Manufacturing is 13.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Simpson Manufacturing will have a dividend payout ratio of 12.19% next year. This indicates that Simpson Manufacturing will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSD.

2.1

News and Social Media Coverage

News Sentiment
Simpson Manufacturing has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Simpson Manufacturing this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 2 people have added Simpson Manufacturing to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Simpson Manufacturing insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $656,495.00 in company stock.
Percentage Held by Insiders
Only 0.65% of the stock of Simpson Manufacturing is held by insiders.
Percentage Held by Institutions
89.45% of the stock of Simpson Manufacturing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Simpson Manufacturing are expected to grow by 7.79% in the coming year, from $8.22 to $8.86 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Simpson Manufacturing is 18.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Simpson Manufacturing is 18.82, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.58.
Price to Book Value per Share Ratio
Simpson Manufacturing has a P/B Ratio of 4.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Simpson Manufacturing (NYSE:SSD) Stock

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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. It also provides connectors and lateral products for wood framing, timber and offsite construction, structural steel construction, and cold-formed steel applications; and mechanical and adhesive anchors for concrete and masonry construction applications. In addition, the company offers engineering and design services, as well as software solutions that facilitate the specification, selection, and use of its products. It markets its products to the residential construction, light industrial and commercial construction, remodeling, and do-it-yourself markets in the United States, Canada, France, the United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, the Netherlands, Belgium, Spain, Sweden, Norway, Australia, New Zealand, China, Taiwan, and Vietnam. The company was founded in 1956 and is headquartered in Pleasanton, California.

SSD Price History

30 days | 90 days | 365 days | Advanced Chart

SSD Stock News Headlines

September 29, 2023 | benzinga.com

Tuesday Is Your Last Chance To Buy Simpson Manufacturing Co Before The Dividend Payout

September 15, 2023 | finance.yahoo.com

EVP, NA Sales Roger Dankel Sells 40 Shares of Simpson Manufacturing Co Inc

October 1, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

August 30, 2023 | finance.yahoo.com

Simpson Manufacturing Co., Inc. Announces September Conference Participation

August 15, 2023 | finance.yahoo.com

Investors in Simpson Manufacturing (NYSE:SSD) have seen stellar returns of 127% over the past five years

August 9, 2023 | finance.yahoo.com

Simpson Manufacturing Co. (SSD) Reported Revenue and Earnings Above Estimates

August 2, 2023 | benzinga.com

Simpson Manufacturing Co Board Member Sold $106K In Company Stock

August 2, 2023 | msn.com

Simpson Manufacturing (SSD) Price Target Increased by 24.16% to 179.52

October 1, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

July 26, 2023 | finance.yahoo.com

Q2 2023 Simpson Manufacturing Co Inc Earnings Call

July 26, 2023 | finance.yahoo.com

Simpson Manufacturing Co., Inc. (NYSE:SSD) Q2 2023 Earnings Call Transcript

July 24, 2023 | finance.yahoo.com

SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2023 SECOND QUARTER FINANCIAL RESULTS

July 20, 2023 | msn.com

Simpson Manufacturing: Multiple Expansion Driving Performance

July 20, 2023 | finance.yahoo.com

Simpson Manufacturing (NYSE:SSD) Is Investing Its Capital With Increasing Efficiency

July 19, 2023 | finance.yahoo.com

What Awaits Simpson Manufacturing (SSD) in Q2 Earnings?

July 15, 2023 | forbes.com

Jessica Simpson Denies Rumors That Ozempic Was Responsible For Her Weight Loss

July 10, 2023 | finance.yahoo.com

Simpson Manufacturing Co., Inc. to Announce Second Quarter 2023 Financial Results on Monday, July 24th

July 9, 2023 | forbes.com

Simpson Thacher & Bartlett

June 15, 2023 | finance.yahoo.com

Simpson Manufacturing Co., Inc. Publishes Fiscal 2022 Environmental, Social and Governance Report

June 5, 2023 | finance.yahoo.com

SIMPSON MANUFACTURING CO., INC. ANNOUNCES THE APPOINTMENT OF CHAU BANKS AND FELICA CONEY TO ITS BOARD OF DIRECTORS

May 30, 2023 | finance.yahoo.com

Is Simpson Manufacturing Co., Inc.'s (NYSE:SSD) Latest Stock Performance A Reflection Of Its Financial Health?

May 16, 2023 | finance.yahoo.com

Simpson Manufacturing Co., Inc. (NYSE:SSD) is largely controlled by institutional shareholders who own 89% of the company

May 10, 2023 | marketwatch.com

Trading Simpson Manufacturing $SSD With Integrated Risk Controls

May 3, 2023 | finance.yahoo.com

What Makes Simpson Manufacturing (SSD) a Strong Momentum Stock: Buy Now?

April 29, 2023 | msn.com

Simpson Manufacturing (SSD) Declares $0.27 Dividend

April 26, 2023 | msn.com

Baird Maintains Simpson Manufacturing (SSD) Outperform Recommendation

April 26, 2023 | msn.com

DA Davidson Maintains Simpson Manufacturing (SSD) Neutral Recommendation

See More Headlines

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SSD Company Calendar

Ex-Dividend for 7/27 Dividend: 7/05/2023
Last Earnings: 7/24/2023
Dividend Payable: 7/27/2023
Today: 10/01/2023
Ex-Dividend for 10/26 Dividend: 10/04/2023
Next Earnings (Estimated): 10/23/2023
Dividend Payable: 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Cutlery, handtools, & general hardware
Sub-Industry: Building Products
Sector: Construction
Current Symbol: NYSE:SSD
CUSIP: 82907310
CIK: 920371
Web: www.simpsonmfg.com
Phone: (925) 560-9000
Fax: 925-847-1597
Employees: 5,158
Year Founded: 1956

Price Target and Rating

Average Stock Price Forecast: $182.50
High Stock Price Forecast: $190.00
Low Stock Price Forecast: $175.00
Forecasted Upside/Downside: +21.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.96
Trailing P/E Ratio: 18.82
Forward P/E Ratio: 18.23
P/E Growth: N/A
Net Income: $333.99 million
Net Margins: 15.78%
Pretax Margin: 21.20%
Return on Equity: 23.43%
Return on Assets: 13.27%

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 3.46
Quick Ratio: 2.14

Sales & Book Value

Annual Sales: $2.16 billion
Price / Sales: 2.96
Cash Flow: $9.21 per share
Price / Cash Flow: 16.26
Book Value: $33.18 per share
Price / Book: 4.52

Miscellaneous

Outstanding Shares: 42,673,000
Free Float: 42,396,000
Market Cap: $6.39 billion
Optionable: Optionable
Beta: 1.23

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Key Executives

Mr. Michael L. Olosky (Age 54)
CEO, Pres & Director
Comp: $1.67M

Mr. Brian J. Magstadt (Age 56)
CFO & Treasurer
Comp: $1.08M

Mr. Kevin Swartzendruber (Age 57)
Sr. VP of Fin.
Comp: $650.53k

Mr. Roger Dankel (Age 59)
Exec. VP of North American Sales - Simpson Strong-Tie Company Inc
Comp: $998.7k

Cari Fisher
Sec.

Mr. Michael Andersen (Age 46)
Exec. VP of Europe - Simpson Strong-Tie Switzerland GmbH

Mr. Jeremy Gilstrap (Age 50)
Exec. VP of Innovation - Simpson Strong-Tie Company Inc

Mr. Phillip Burton (Age 60)
Exec. VP of North America - Simpson Strong-Tie Company Inc

Ms. Jennifer Lutz (Age 57)
Exec. VP of HR - Simpson Strong-Tie Company Inc

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SSD Stock - Frequently Asked Questions

Should I buy or sell Simpson Manufacturing stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simpson Manufacturing in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SSD shares.
View SSD analyst ratings or view top-rated stocks.
What is Simpson Manufacturing's stock price forecast for 2023?: 2 Wall Street research analysts have issued 12 month price targets for Simpson Manufacturing's stock. Their SSD share price forecasts range from $175.00 to $190.00. On average, they expect the company's stock price to reach $182.50 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for SSD or view top-rated stocks among Wall Street analysts.
How have SSD shares performed in 2023?: Simpson Manufacturing's stock was trading at $88.66 at the beginning of the year. Since then, SSD shares have increased by 69.0% and is now trading at $149.81.
View the best growth stocks for 2023 here.
When is Simpson Manufacturing's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our SSD earnings forecast.
How were Simpson Manufacturing's earnings last quarter?: Simpson Manufacturing Co., Inc. (NYSE:SSD) announced its earnings results on Monday, July, 24th. The construction company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.37. The construction company had revenue of $597.60 million for the quarter, compared to analyst estimates of $553.23 million. Simpson Manufacturing had a net margin of 15.78% and a trailing twelve-month return on equity of 23.43%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 earnings per share.
How often does Simpson Manufacturing pay dividends? What is the dividend yield for Simpson Manufacturing?: Simpson Manufacturing announced a quarterly dividend on Monday, July 31st. Stockholders of record on Thursday, October 5th will be given a dividend of $0.27 per share on Thursday, October 26th. This represents a $1.08 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, October 4th.
Read our dividend analysis for SSD.
What ETFs hold Simpson Manufacturing's stock?: 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), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), iShares U.S. Home Construction ETF (ITB), Hoya Capital Housing ETF (HOMZ), iShares U.S. Infrastructure ETF (IFRA), SPDR S&P 400 Mid CapGrowth ETF (MDYG) and iShares Russell 2000 Growth ETF (IWO).
Is Simpson Manufacturing a good dividend stock?: Simpson Manufacturing (NYSE:SSD) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.74%. 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 13.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSD will have a dividend payout ratio of 12.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SSD.

What is Karen W. Colonias' approval rating as Simpson Manufacturing's CEO?: 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.
What other stocks do shareholders of Simpson Manufacturing own?: 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).
What is Simpson Manufacturing's stock symbol?: Simpson Manufacturing trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSD."
How do I buy shares of Simpson Manufacturing?: 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.
Compare Top Brokerages Here.
What is Simpson Manufacturing's stock price today?: One share of SSD stock can currently be purchased for approximately $149.81.
How much money does Simpson Manufacturing make?: Simpson Manufacturing (NYSE:SSD) has a market capitalization of $6.39 billion and generates $2.16 billion in revenue each year. The construction company earns $333.99 million in net income (profit) each year or $7.96 on an earnings per share basis.
How many employees does Simpson Manufacturing have?: The company employs 5,158 workers across the globe.
How can I contact Simpson Manufacturing?: 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.

This page (NYSE:SSD) was last updated on 10/1/2023 by MarketBeat.com Staff

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