Simpson Manufacturing (SSD) Getting Somewhat Positive News Coverage, Study Finds
News headlines about Simpson Manufacturing (NYSE:SSD) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Simpson Manufacturing earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.1538953661548 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Zacks: Brokerages Set $59.00 Target Price for Simpson Manufacturing Co, Inc. (SSD) (americanbankingnews.com)
- DA Davidson Downgrades Simpson Manufacturing (SSD) to Hold (americanbankingnews.com)
- Sharon H. Simpson Sells 8,210 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock (americanbankingnews.com)
- Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sharon H. Simpson Sells 13,149 Shares (americanbankingnews.com)
- Roger Dankel Sells 1,300 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock (americanbankingnews.com)
Simpson Manufacturing (NYSE:SSD) traded up $1.12 on Friday, reaching $57.49. The company’s stock had a trading volume of 420,152 shares, compared to its average volume of 215,100. Simpson Manufacturing has a 52 week low of $39.82 and a 52 week high of $61.62. The stock has a market capitalization of $2,720.08, a price-to-earnings ratio of 31.24, a PEG ratio of 6.13 and a beta of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is presently 41.58%.
Several equities analysts have issued reports on SSD shares. Robert W. Baird reiterated a “hold” rating and issued a $46.00 target price on shares of Simpson Manufacturing in a research note on Friday, October 20th. DA Davidson upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st.
In other Simpson Manufacturing news, insider Psb Fund Simpson sold 72,424 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.23, for a total value of $3,565,433.52. Following the completion of the sale, the insider now owns 1,266,213 shares of the company’s stock, valued at $62,335,665.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Roger Dankel sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $59.01, for a total value of $76,713.00. Following the completion of the sale, the insider now directly owns 60 shares of the company’s stock, valued at approximately $3,540.60. The disclosure for this sale can be found here. In the last three months, insiders sold 988,721 shares of company stock valued at $14,582,940,671. Corporate insiders own 0.36% of the company’s stock.
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About Simpson Manufacturing
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 pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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