Simpson Manufacturing Co, Inc. (NYSE:SSD) has earned an average broker rating score of 0.00 () from the three brokers that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $45.33 for the company and are predicting that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also assigned Simpson Manufacturing Co an industry rank of 181 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Simpson Manufacturing Co from a “hold” rating to a “sell” rating in a report on Thursday, January 12th.
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Several institutional investors have recently added to or reduced their stakes in SSD. Norges Bank purchased a new position in Simpson Manufacturing Co during the fourth quarter valued at $18,946,000. Two Sigma Investments LP purchased a new position in Simpson Manufacturing Co during the fourth quarter valued at $5,996,000. BlackRock Fund Advisors boosted its position in Simpson Manufacturing Co by 4.1% in the third quarter. BlackRock Fund Advisors now owns 3,131,038 shares of the company’s stock valued at $137,609,000 after buying an additional 122,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Simpson Manufacturing Co by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,679,486 shares of the company’s stock valued at $73,478,000 after buying an additional 73,078 shares during the last quarter. Finally, State Street Corp boosted its position in Simpson Manufacturing Co by 7.2% in the fourth quarter. State Street Corp now owns 925,347 shares of the company’s stock valued at $40,487,000 after buying an additional 62,136 shares during the last quarter. 83.32% of the stock is currently owned by hedge funds and other institutional investors.
Simpson Manufacturing Co (NYSE:SSD) opened at 41.59 on Tuesday. The stock has a market capitalization of $1.98 billion, a PE ratio of 22.36 and a beta of 1.41. Simpson Manufacturing Co has a 52-week low of $36.42 and a 52-week high of $48.41. The company’s 50-day moving average price is $43.07 and its 200 day moving average price is $44.20.
Simpson Manufacturing Co (NYSE:SSD) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.01. The firm had revenue of $200 million for the quarter, compared to the consensus estimate of $196.83 million. Simpson Manufacturing Co had a net margin of 10.43% and a return on equity of 10.33%. Simpson Manufacturing Co’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Equities analysts forecast that Simpson Manufacturing Co will post $1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 27th. Stockholders of record on Thursday, April 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. Simpson Manufacturing Co’s payout ratio is 38.71%.
About Simpson Manufacturing Co
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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