Simpson Manufacturing - SSD Stock Forecast, Price & News

2 Wall Street equities research 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 equities research analysts is that investors should "buy" SSD shares.
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2 brokerages have issued 12 month price targets for Simpson Manufacturing's stock. Their SSD share price forecasts range from $120.00 to $125.00. On average, they anticipate the company's stock price to reach $122.50 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Simpson Manufacturing's stock was trading at $88.66 at the start of the year. Since then, SSD stock has increased by 18.8% and is now trading at $105.32.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Simpson Manufacturing Co., Inc. (NYSE:SSD) announced its quarterly earnings results on Monday, February, 6th. The construction company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.24. The construction company had revenue of $475.62 million for the quarter, compared to the consensus estimate of $475.73 million. Simpson Manufacturing had a net margin of 15.78% and a trailing twelve-month return on equity of 25.36%. The firm's revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share.

Simpson Manufacturing declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.26 per share on Thursday, April 27th. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, April 5th.
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), Hoya Capital Housing ETF (HOMZ), iShares U.S. Home Construction ETF (ITB), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), iShares U.S. Infrastructure ETF (IFRA), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL) and Royce Quant Small-Cap Quality Value ETF (SQLV).

Simpson Manufacturing (NYSE:SSD) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.00%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSD will have a dividend payout ratio of 13.89% 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 number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (4.22%), Conestoga Capital Advisors LLC (3.22%), Dimensional Fund Advisors LP (2.33%), Fiduciary Management Inc. WI (1.97%), Allspring Global Investments Holdings LLC (1.94%) and Geode Capital Management LLC (1.80%). 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 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 $105.32.

Simpson Manufacturing (NYSE:SSD) has a market capitalization of $4.49 billion and generates $2.12 billion in revenue each year. The construction company earns $333.99 million in net income (profit) each year or $7.75 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.