Simpson Manufacturing Co. (SSD) Sees Strong Trading Volume
Shares of Simpson Manufacturing Co. (NYSE:SSD) saw an uptick in trading volume on Thursday . 117,504 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 115,222 shares.The stock last traded at $44.30 and had previously closed at $43.88.
Separately, Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
The firm has a market capitalization of $2.15 billion and a price-to-earnings ratio of 27.40. The stock’s 50-day moving average price is $41.87 and its 200 day moving average price is $38.77.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. During the same period last year, the business earned $0.43 EPS. The company earned $230 million during the quarter, compared to the consensus estimate of $227.12 million. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Simpson Manufacturing Co. will post $1.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Saturday, October 8th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date 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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