Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) reached a new 52-week high and low on Monday . The stock traded as low as $67.29 and last traded at $66.94, with a volume of 2086 shares changing hands. The stock had previously closed at $66.83.

Several research firms have weighed in on SSD. ValuEngine raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “hold” rating and set a $67.00 price target on the stock in a report on Thursday, May 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $64.25.

The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 4.77 and a beta of 1.54.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, April 30th. The construction company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. Simpson Manufacturing had a return on equity of 10.85% and a net margin of 9.47%. The firm had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $237.57 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. sell-side analysts forecast that Simpson Manufacturing Co, Inc. will post 2.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Shareholders of record on Thursday, July 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $0.88 annualized dividend and a dividend yield of 1.31%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.21. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 42.42%.

In related news, major shareholder Sharon H. Simpson sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $57.50, for a total transaction of $2,875,000.00. Following the transaction, the insider now directly owns 719,269 shares of the company’s stock, valued at approximately $41,357,967.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Psb Fund Simpson sold 3,665 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $57.20, for a total value of $209,638.00. Following the transaction, the insider now directly owns 719,269 shares in the company, valued at $41,142,186.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 636,405 shares of company stock worth $36,605,974. Insiders own 0.39% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Simpson Manufacturing by 61.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,981 shares of the construction company’s stock valued at $172,000 after buying an additional 1,137 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $207,000. Silvant Capital Management LLC purchased a new position in shares of Simpson Manufacturing during the 1st quarter valued at about $207,000. Shelton Capital Management purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $209,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $220,000. 86.93% of the stock is currently owned by institutional investors.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

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