Simpson Manufacturing Co. (SSD) Hits New 12-Month High at $41.55
Simpson Manufacturing Co. (NYSE:SSD)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.55 and last traded at $41.14, with a volume of 43,174 shares traded. The stock had previously closed at $41.11.
Separately, Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th.
The stock has a market cap of $1.99 billion and a PE ratio of 27.03. The company’s 50-day moving average is $39.46 and its 200 day moving average is $36.40.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $199.50 million for the quarter, compared to analyst estimates of $186.70 million. During the same period in the previous year, the business posted $0.20 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that Simpson Manufacturing Co. will post $1.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Investors 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 a boost from Simpson Manufacturing’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.75%.
In other news, insider Psb Fund Simpson sold 2,420 shares of Simpson Manufacturing stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $38.16, for a total value of $92,347.20. Following the completion of the sale, the insider now owns 1,625,850 shares of the company’s stock, valued at $62,042,436. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sunny H. Leung sold 988 shares of Simpson Manufacturing stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $38.75, for a total value of $38,285.00. Following the completion of the sale, the vice president now directly owns 1,447 shares of the company’s stock, valued at approximately $56,071.25. The disclosure for this sale can be found here.
A number of institutional investors have modified their holdings of the company. Whittier Trust Co. increased its stake in Simpson Manufacturing by 1.1% in the fourth quarter. Whittier Trust Co. now owns 32,060 shares of the company’s stock worth $1,095,000 after buying an additional 334 shares during the period. Morgan Stanley increased its stake in Simpson Manufacturing by 104.3% in the fourth quarter. Morgan Stanley now owns 37,225 shares of the company’s stock worth $1,271,000 after buying an additional 19,005 shares during the period. State Board of Administration of Florida Retirement System increased its stake 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 worth $1,290,000 after buying an additional 3,813 shares during the period. Rhumbline Advisers increased its stake in Simpson Manufacturing by 4.3% in the fourth quarter. Rhumbline Advisers now owns 67,777 shares of the company’s stock worth $2,315,000 after buying an additional 2,780 shares during the period. Finally, California State Teachers Retirement System increased its stake 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 worth $2,667,000 after buying an additional 1,276 shares during the period.
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.
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