Simpson Manufacturing Co. (SSD) Sets New 12-Month High at $41.55
Shares of Simpson Manufacturing Co. (NYSE:SSD) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.55 and last traded at $41.14, with a volume of 43,174 shares trading hands. The stock had previously closed at $41.11.
Separately, Zacks Investment Research cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The firm has a market capitalization of $1.99 billion and a P/E ratio of 27.05. The stock’s 50 day moving average price is $39.56 and its 200-day moving average price is $36.49.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Thursday, April 21st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $199.50 million for the quarter, compared to analyst estimates of $186.70 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts anticipate that Simpson Manufacturing Co. will post $1.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 28th. Investors of record on Thursday, July 7th will be paid a dividend of $0.18 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, July 5th.
In other Simpson Manufacturing news, insider Psb Fund Simpson sold 2,420 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $38.16, for a total transaction of $92,347.20. Following the completion of the sale, the insider now directly owns 1,625,850 shares of the company’s stock, valued at approximately $62,042,436. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sunny H. Leung sold 988 shares of the business’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $38.75, for a total value of $38,285.00. Following the sale, the vice president now directly owns 1,447 shares of the company’s stock, valued at $56,071.25. The disclosure for this sale can be found here.
A number of hedge funds recently modified their holdings of the company. Whittier Trust Co. raised its stake in shares of Simpson Manufacturing by 1.1% in the fourth quarter. Whittier Trust Co. now owns 32,060 shares of the company’s stock worth $1,095,000 after buying an additional 334 shares in the last quarter. Morgan Stanley raised its position in Simpson Manufacturing by 104.3% in the fourth quarter. Morgan Stanley now owns 37,225 shares of the company’s stock valued at $1,271,000 after buying an additional 19,005 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Simpson Manufacturing by 11.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 37,761 shares of the company’s stock valued at $1,290,000 after buying an additional 3,813 shares in the last quarter. Rhumbline Advisers raised its position in Simpson Manufacturing by 4.3% in the fourth quarter. Rhumbline Advisers now owns 67,777 shares of the company’s stock valued at $2,315,000 after buying an additional 2,780 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Simpson Manufacturing by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 78,094 shares of the company’s stock valued at $2,667,000 after buying an additional 1,276 shares in the last quarter.
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, fasteners and lateral systems used in light-frame construction. The Company 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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