Simpson Manufacturing Inc (NYSE:SSD) is expected to release earnings data after the market closes on Monday, February 7. Analysts expect Simpson Manufacturing to post earnings of $0.96 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
SSD opened at $111.67 on Monday. The company’s fifty-day simple moving average is $126.99. The company has a market capitalization of $4.85 billion, a P/E ratio of 21.48 and a beta of 1.22. Simpson Manufacturing has a 1-year low of $91.90 and a 1-year high of $141.26.
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. The ex-date of this dividend is Wednesday, April 6. This represents an annualized dividend of $1.00 and a dividend yield of 0.90%. Simpson Manufacturing’s dividend payout ratio is currently 19.23%.
Several brokerages have recently commented on SSD. Robert W. Baird raised his target price on Simpson Manufacturing shares from $135.00 to $146.00 in a Wednesday, Jan. 5, report. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a target price of $150.00 for the company in a Friday, Jan. 7 report. Finally, DA Davidson raised its target price on Simpson Manufacturing shares from $120.00 to $142.00 in a Wednesday, January 5 report.
Separately, Chief Financial Officer Brian J. Magstadt sold 2,000 shares in a trade dated Tuesday, January 18. The shares were sold at an average price of $127.71, for a total transaction of $255,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Colonias CEO Karen Winifred sold 15,000 shares in a trade dated Monday, November 8. The shares were sold at an average price of $120.91, for a total transaction of $1,813,650.00. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 23,300 shares of the company valued at $2,839,437. 0.60% of the shares are held by insiders of the company.
A hedge fund recently increased its stake in shares of Simpson Manufacturing. LPL Financial LLC increased its holdings of Simpson Manufacturing Co., Inc. (NYSE:SSD) stock by 47.7% in the third quarter, according to its latest disclosure to the Securities & Exchange Commission. The company held 7,908 shares of the construction company after buying an additional 2,553 shares during the quarter. LPL Financial LLC’s holdings in Simpson Manufacturing were worth $846,000 at the end of the most recent reporting period. 88.11% of the shares are currently held by institutional investors.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc manufactures and markets building and construction solutions. It offers wood building products, which include connectors, truss plates, fastening systems and lateral systems primarily used for reinforcing, supporting and connecting wood applications in residential and commercial construction, as well as projects do-it-yourself (DIY), concrete construction products such as anchoring, repair and protection, and reinforcement products for concrete, brick and masonry applications in industrial, infrastructure, residential, commercial and DIY.
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