Simpson Manufacturing Co. (SSD) Reaches New 12-Month High at $40.55
Simpson Manufacturing Co. (NYSE:SSD)’s share price hit a new 52-week high on Friday . The stock traded as high as $40.55 and last traded at $40.49, with a volume of 155,112 shares trading hands. The stock had previously closed at $39.60.
Separately, Zacks Investment Research cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th.
The company has a 50-day moving average of $39.21 and a 200-day moving average of $36.27. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 26.62.
Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Thursday, April 21st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. During the same quarter in the prior year, the business posted $0.20 earnings per share. The business had revenue of $199.50 million for the quarter, compared to analysts’ expectations of $186.70 million. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts predict that Simpson Manufacturing Co. will post $1.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.78%.
In other news, VP Sunny H. Leung sold 988 shares of the stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $38.75, for a total transaction of $38,285.00. Following the transaction, the vice president now directly owns 1,447 shares of the company’s stock, valued at approximately $56,071.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Psb Fund Simpson sold 2,420 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $38.16, for a total value of $92,347.20. Following the transaction, the insider now directly owns 1,625,850 shares in the company, valued at $62,042,436. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in SSD. Whittier Trust Co. boosted its position in Simpson Manufacturing by 1.1% in the fourth quarter. Whittier Trust Co. now owns 32,060 shares of the company’s stock valued at $1,095,000 after buying an additional 334 shares during the last quarter. California State Teachers Retirement System boosted its position in Simpson Manufacturing by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 78,094 shares of the company’s stock valued at $2,667,000 after buying an additional 1,276 shares during the last quarter. Rhumbline Advisers boosted its position in Simpson Manufacturing by 4.3% in the fourth quarter. Rhumbline Advisers now owns 67,777 shares of the company’s stock valued at $2,315,000 after buying an additional 2,780 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Simpson Manufacturing by 11.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 37,761 shares of the company’s stock valued at $1,290,000 after buying an additional 3,813 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Simpson Manufacturing by 6.4% in the fourth quarter. Principal Financial Group Inc. now owns 279,516 shares of the company’s stock valued at $9,546,000 after buying an additional 16,805 shares during the last quarter.
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, fasteners and lateral systems used in light-frame construction. The Company 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.