Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Simpson Manufacturing (SSD) Stock Price
News headlines about Simpson Manufacturing (NYSE:SSD) have been trending somewhat positive on Friday, according to Accern. The research firm scores the sentiment of news 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 closest to one being the most favorable. Simpson Manufacturing earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 47.4344166322343 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Simpson Manufacturing (NYSE:SSD) opened at $57.98 on Friday. The firm has a market cap of $2,750.00, a P/E ratio of 29.28, a P/E/G ratio of 4.27 and a beta of 1.54. Simpson Manufacturing has a one year low of $39.82 and a one year high of $61.62.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results 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 business had revenue of $231.68 million for the quarter, compared to analysts’ expectations 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 period last year, the business posted $0.37 earnings per share. analysts predict that Simpson Manufacturing will post 2.67 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on SSD shares. Sidoti started coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 target price on the stock. Zacks Investment Research raised shares of Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, February 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $64.00 target price on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Finally, DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Simpson Manufacturing currently has a consensus rating of “Hold” and an average target price of $63.75.
In other Simpson Manufacturing news, insider Roger Dankel sold 1,300 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $59.01, for a total transaction of $76,713.00. Following the transaction, the insider now directly owns 60 shares of the company’s stock, valued at $3,540.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Sharon H. Simpson sold 21,840 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $57.34, for a total transaction of $1,252,305.60. The disclosure for this sale can be found here. Insiders have sold 806,438 shares of company stock worth $47,435,261 over the last three months. Insiders own 0.36% of the company’s stock.
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Simpson Manufacturing Company Profile
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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