Simpson Manufacturing Co. (SSD) Sets New 52-Week High at $44.23
Simpson Manufacturing Co. (NYSE:SSD) reached a new 52-week high during trading on Thursday . The company traded as high as $44.23 and last traded at $44.17, with a volume of 89,712 shares trading hands. The stock had previously closed at $43.35.
Separately, Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
The company has a market cap of $2.14 billion and a price-to-earnings ratio of 27.30. The stock has a 50-day moving average of $41.35 and a 200 day moving average of $38.36.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.05. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company had revenue of $230 million for the quarter, compared to the consensus estimate of $227.12 million. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts predict 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. Shareholders 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 yield of 1.66%.
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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