Wall Street brokerages expect Simpson Manufacturing Co., Inc. (NYSE: SSD – Get Rating) to post earnings of $1.58 per share for the current fiscal quarter, according to Zacks. Zero analysts provided earnings estimates for Simpson Manufacturing. Simpson Manufacturing reported earnings of $1.16 per share in the same quarter last year, indicating a positive year-over-year growth rate of 36.2%. The company is expected to release its next results after the market closes on Monday, January 1.
According to Zacks, analysts expect Simpson Manufacturing to report annual earnings of $6.48 per share for the current fiscal year. For the next fiscal year, analysts expect the firm to post earnings of $7.09 per share. Zacks EPS averages are an average average based on a survey of research companies that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD – Get Rating) last released quarterly earnings data on Monday, February 7. The construction company reported EPS of $1.61 for the quarter, beating analyst consensus estimates of $0.96 by $0.65. The company posted revenue of $418.56 million for the quarter, versus a consensus estimate of $373.70 million. Simpson Manufacturing had a return on equity of 24.18% and a net margin of 16.94%. The company’s quarterly revenue increased by 42.4% compared to the same quarter last year. During the same period last year, the company posted EPS of $0.68.
Several brokerages have recently commented on SSD. CJS Securities upgraded Simpson Manufacturing from a “market performance” rating to an “outperform” rating in a Tuesday, February 8 report. Zacks Investment Research downgraded Simpson Manufacturing from a “strong buy” rating to a “hold” rating in a Wednesday, April 13 report. DA Davidson raised its price target on Simpson Manufacturing from $120.00 to $142.00 in a Wednesday, January 5 report. Sidoti upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating and set a target price of $152.00 on the stock in a Tuesday, February 8 report. Finally, Robert W. Baird raised his price target on Simpson Manufacturing from $135.00 to $146.00 in a Wednesday, January 5 research note. Two analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, Simpson Manufacturing currently has an average rating of “Buy” and an average price target of $147.50.
Shares of NYSE:SSD traded at $4.78 during Friday’s midday session, hitting $104.77. 155,492 shares of the company were traded, against an average volume of 204,964. The company has a market capitalization of $4.54 billion, a P/E ratio of 17.09 and a beta of 1.25. Simpson Manufacturing has a 52-week low of $102.41 and a 52-week high of $141.26. The company’s 50-day simple moving average is $113.20 and its 200-day simple moving average is $118.50.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 28. Shareholders of record on Thursday, April 7 will receive a dividend of $0.25 per share. The ex-dividend date is Wednesday, April 6. This represents a dividend of $1.00 on an annualized basis and a yield of 0.95%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 16.31%.
In other news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing in a trade that took place on Friday, March 11. The stock was sold at an average price of $117.99, for a total value of $58,995.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, insider Roger Dankel sold 600 shares of Simpson Manufacturing in a trade that took place on Tuesday, February 1. The stock was sold at an average price of $113.00, for a total value of $67,800.00. The disclosure of this sale can be found here. 0.60% of the shares are held by insiders of the company.
Hedge funds and other institutional investors have recently changed their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings of Simpson Manufacturing stock by 617.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 244 shares of the construction company worth $34,000 after buying 210 more shares in the last quarter. First Horizon Advisors Inc. increased its holdings of Simpson Manufacturing shares by 75.7% in the third quarter. First Horizon Advisors Inc. now owns 355 shares of the construction company worth $35,000 after buying 153 additional shares in the last quarter. Confluence Wealth Services Inc. purchased a new stake in Simpson Manufacturing stock in Q4 for approximately $39,000. O Shaughnessy Asset Management LLC increased its holdings of Simpson Manufacturing shares by 146.4% in Q3. O Shaughnessy Asset Management LLC now owns 372 shares of the construction company worth $40,000 after buying 221 additional shares in the last quarter. Finally, Kings Point Capital Management bought a new stake in shares of Simpson Manufacturing in Q3 for a value of approximately $47,000. 89.18% of the shares are currently held by institutional investors and hedge funds.
About Simpson Manufacturing (Get a rating)
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures and sells wood and concrete building products. The Company offers wood building products, including connectors, truss plates, fastening systems, fasteners and shear walls, as well as pre-engineered lateral systems for use in light frame construction; and concrete construction products including adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder-actuated tools, fiber-reinforced materials and other repair products for use in concrete construction concrete, masonry and steel, and grouts, coatings, sealants, mortars, fiberglass and fiber reinforced polymer systems, and asphalt products for the repair of concrete construction, and reinforcing products and protection.
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