Simpson Manufacturing Co. (SSD) Reaches New 1-Year High at $44.77
Simpson Manufacturing Co. (NYSE:SSD) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $44.77 and last traded at $44.56, with a volume of 37,421 shares traded. The stock had previously closed at $44.39.
Separately, Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
The stock has a 50-day moving average price of $42.04 and a 200-day moving average price of $38.85. The stock has a market capitalization of $2.17 billion and a price-to-earnings ratio of 27.70.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. During the same period last year, the business earned $0.43 EPS. The firm had revenue of $230 million for the quarter, compared to analyst estimates of $227.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. Analysts anticipate that Simpson Manufacturing Co. will post $1.74 EPS for the current year.
The company 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 dividend yield of 1.60%. 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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