Simpson Manufacturing Co, Inc. (NYSE:SSD) has received an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Simpson Manufacturing’s rating score has declined by 133% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $63.33 for the company and are predicting that the company will post $0.49 earnings per share for the current quarter, according to Zacks. Zacks has also given Simpson Manufacturing an industry rank of 83 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. Sidoti started coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Finally, DA Davidson upgraded shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st.
Several large investors have recently added to or reduced their stakes in SSD. Macquarie Group Ltd. purchased a new stake in Simpson Manufacturing during the third quarter worth $103,000. Shelton Capital Management purchased a new stake in Simpson Manufacturing during the fourth quarter worth $209,000. Everence Capital Management Inc. purchased a new stake in Simpson Manufacturing during the fourth quarter worth $229,000. Neuberger Berman Group LLC purchased a new stake in Simpson Manufacturing during the third quarter worth $230,000. Finally, Amalgamated Bank boosted its holdings in Simpson Manufacturing by 2.0% during the second quarter. Amalgamated Bank now owns 5,591 shares of the construction company’s stock worth $244,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.
Simpson Manufacturing (NYSE:SSD) traded down $0.44 during midday trading on Thursday, hitting $57.32. 36,229 shares of the company traded hands, compared to its average volume of 278,674. The company has a market cap of $2,712.97, a price-to-earnings ratio of 29.84, a PEG ratio of 4.54 and a beta of 1.54. Simpson Manufacturing has a 1 year low of $39.82 and a 1 year high of $61.62.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 5th. The construction company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.10). The firm had revenue of $231.68 million for the quarter, compared to the consensus estimate of $224.47 million. Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. analysts expect that Simpson Manufacturing will post 2.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.47%. Simpson Manufacturing’s payout ratio is currently 43.52%.
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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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