Simpson Manufacturing Co. (NYSE:SSD)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $42.22 and last traded at $42.02, with a volume of 65,144 shares trading hands. The stock had previously closed at $42.01.

Separately, Zacks Investment Research upgraded Simpson Manufacturing from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, April 26th.

The company has a market cap of $2.03 billion and a P/E ratio of 25.95. The company’s 50-day moving average is $41.10 and its 200 day moving average is $38.07.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company had revenue of $230 million for the quarter, compared to analyst estimates of $227.12 million. Simpson Manufacturing’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts forecast that Simpson Manufacturing Co. will post $1.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Saturday, October 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.71%.

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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