Simpson Manufacturing Co. (SSD) Sees Strong Trading Volume
Shares of Simpson Manufacturing Co. (NYSE:SSD) saw an uptick in trading volume on Friday . 213,562 shares were traded during mid-day trading, an increase of 63% from the previous session’s volume of 130,883 shares.The stock last traded at $43.71 and had previously closed at $44.23.
Separately, Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 26.99. The stock’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 data on Thursday, July 28th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. During the same period in the prior year, the company earned $0.43 earnings per share. The firm had revenue of $230 million for the quarter, compared to analyst estimates of $227.12 million. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Saturday, October 8th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.72 annualized dividend and a dividend 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.