Key Points
- Director Philip Donaldson sold 2,375 shares on Dec. 12 at an average price of $168.16 for $399,380, trimming his stake by 28.07% to 6,086 shares valued at about $1.02M.
- Simpson beat expectations for the quarter ended Oct. 27 with EPS of $2.58 vs. $2.37 expected and revenue of $623.5M (up 6.2% YoY), while posting a 14.9% net margin and 18.1% ROE.
- The company declared a quarterly dividend of $0.29 payable Jan. 22 (record date Jan. 2), equal to an $1.16 annualized payout and a 0.7% yield.
Simpson Manufacturing Company, Inc. (NYSE:SSD - Get Free Report) Director Philip Donaldson sold 2,375 shares of the company's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director owned 6,086 shares in the company, valued at $1,023,421.76. This represents a 28.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Simpson Manufacturing Stock Performance
Shares of SSD stock opened at $169.03 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $169.61 and a 200-day moving average price of $171.90. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The firm has a market capitalization of $7.01 billion, a PE ratio of 20.59 and a beta of 1.36.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.21. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The company had revenue of $623.51 million for the quarter, compared to analysts' expectations of $607.79 million. During the same quarter last year, the company posted $2.21 earnings per share. The firm's quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Friday, January 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 2nd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.13%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on SSD shares. Robert W. Baird upped their price objective on Simpson Manufacturing from $190.00 to $212.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. Finally, DA Davidson restated a "neutral" rating and set a $190.00 price target on shares of Simpson Manufacturing in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $201.00.
Get Our Latest Report on Simpson Manufacturing
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Simpson Manufacturing by 13.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,204 shares of the construction company's stock worth $3,914,000 after acquiring an additional 2,975 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Simpson Manufacturing by 11.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,824 shares of the construction company's stock valued at $286,000 after purchasing an additional 181 shares during the last quarter. Ceredex Value Advisors LLC raised its position in Simpson Manufacturing by 22.1% in the 2nd quarter. Ceredex Value Advisors LLC now owns 81,375 shares of the construction company's stock worth $12,638,000 after purchasing an additional 14,725 shares during the period. Park Avenue Securities LLC purchased a new stake in Simpson Manufacturing in the 2nd quarter worth about $314,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Simpson Manufacturing by 3.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 48,109 shares of the construction company's stock worth $7,472,000 after purchasing an additional 1,461 shares during the last quarter. Institutional investors own 93.68% of the company's stock.
Simpson Manufacturing Company Profile
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Get Free Report)
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.
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