Simpson Manufacturing Co. (NYSE:SSD) shares reached a new 52-week high during trading on Thursday . The company traded as high as $44.23 and last traded at $44.17, with a volume of 89,712 shares trading hands. The stock had previously closed at $43.35.

Separately, Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.

The company has a market cap of $2.12 billion and a price-to-earnings ratio of 26.99. The company’s 50-day moving average price is $41.58 and its 200-day moving average price is $38.48.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The company earned $230 million during the quarter, compared to analyst estimates of $227.12 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts expect that Simpson Manufacturing Co. will post $1.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Saturday, October 8th will be given a $0.18 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.72 annualized dividend and a yield of 1.65%.

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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