Simpson Manufacturing Co. (SSD) Sees Large Volume Increase
Simpson Manufacturing Co. (NYSE:SSD) shares saw unusually-high trading volume on Friday . Approximately 213,562 shares traded hands during trading, an increase of 63% from the previous session’s volume of 130,883 shares.The stock last traded at $43.71 and had previously closed at $44.23.
Separately, Zacks Investment Research cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 26.99. The company has a 50 day moving average of $41.58 and a 200-day moving average of $38.48.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $230 million for the quarter, compared to analysts’ expectations of $227.12 million. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Equities analysts forecast that Simpson Manufacturing Co. will post $1.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Saturday, October 8th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 5th.
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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