Simpson Manufacturing (NYSE:SSD) Issues Earnings Results

Simpson Manufacturing (NYSE:SSD) posted its quarterly earnings results on Monday. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13), Briefing.com reports. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.63%. The business had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. During the same quarter in the prior year, the firm posted $2.50 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year.

Simpson Manufacturing Stock Up 2.3 %

NYSE:SSD traded up $4.12 during midday trading on Wednesday, reaching $183.25. 106,389 shares of the stock traded hands, compared to its average volume of 311,537. The stock has a market capitalization of $7.73 billion, a PE ratio of 22.45 and a beta of 1.32. Simpson Manufacturing has a 12-month low of $123.93 and a 12-month high of $218.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. The business has a 50-day moving average of $170.05 and a two-hundred day moving average of $182.96.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s payout ratio is 14.04%.

Insiders Place Their Bets

In other news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the sale, the executive vice president now owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now owns 5,033 shares in the company, valued at approximately $861,347.62. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

SSD has been the subject of a number of recent research reports. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird boosted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

About Simpson Manufacturing

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.