Simpson Manufacturing - SSD Stock Forecast, Price & News

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.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com raised Simpson Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, August 4th. Robert W. Baird upped their target price on Simpson Manufacturing from $136.00 to $145.00 in a report on Tuesday, April 26th.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $106.51 on Tuesday. The firm has a 50-day moving average price of $101.95 and a two-hundred day moving average price of $107.61. Simpson Manufacturing has a 12-month low of $87.73 and a 12-month high of $141.26. The company has a quick ratio of 1.84, a current ratio of 3.33 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $4.60 billion, a P/E ratio of 13.92 and a beta of 1.15.

Simpson Manufacturing (NYSE:SSD - Get Rating) last posted its quarterly earnings data on Monday, July 25th. The construction company reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.15. Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. The business had revenue of $593.23 million during the quarter, compared to the consensus estimate of $579.84 million. During the same quarter last year, the company posted $1.66 earnings per share. The firm's quarterly revenue was up 44.6% compared to the same quarter last year. Analysts anticipate that Simpson Manufacturing will post 7.35 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 6th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, October 5th. Simpson Manufacturing's dividend payout ratio (DPR) is presently 13.59%.

Insider Transactions at Simpson Manufacturing

In related news, CFO Brian J. Magstadt sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief financial officer now owns 20,047 shares in the company, valued at approximately $2,004,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Brian J. Magstadt sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief financial officer now directly owns 20,047 shares in the company, valued at $2,004,700. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Karen Winifred Colonias sold 15,000 shares of the business's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following the sale, the chief executive officer now owns 33,423 shares of the company's stock, valued at approximately $3,691,904.58. The disclosure for this sale can be found here. Insiders have sold a total of 23,100 shares of company stock worth $2,493,425 in the last three months. Insiders own 0.60% of the company's stock.