Simpson Manufacturing Co. (NYSE:SSD) reached 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 changing hands. The stock had previously closed at $44.39.

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

The firm has a 50 day moving average of $41.87 and a 200 day moving average of $38.77. The firm has a market cap of $2.17 billion and a P/E ratio of 27.70.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The company earned $230 million during the quarter, compared to analysts’ expectations of $227.12 million. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. On average, equities analysts forecast that Simpson Manufacturing Co. will post $1.74 EPS for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.60%.

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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