Simpson Manufacturing Company, Inc. (NYSE:SSD) Stock Rated “Hold” by Wall Street Analysts

Simpson Manufacturing Company, Inc. (NYSE:SSD) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $216.25.

Several analysts have issued reports on SSD shares. UBS Group restated a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Stifel Nicolaus lifted their price objective on Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Stephens boosted their price objective on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research note on Tuesday, July 28th.

Simpson Manufacturing Trading Up 0.2%

Shares of SSD stock opened at $176.84 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $7.28 billion, a P/E ratio of 19.33 and a beta of 1.32. The company has a 50 day moving average of $178.94 and a 200-day moving average of $185.16. Simpson Manufacturing has a 12-month low of $156.32 and a 12-month high of $213.49.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%. The business had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. During the same quarter in the prior year, the business earned $2.47 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts anticipate that Simpson Manufacturing will post 9.30 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a $0.30 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 13.11%.

Insider Activity

In related news, CEO Michael Olosky sold 3,502 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $172.84, for a total transaction of $605,285.68. Following the sale, the chief executive officer directly owned 51,398 shares in the company, valued at approximately $8,883,630.32. This represents a 6.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SSD. IFP Advisors Inc lifted its position in shares of Simpson Manufacturing by 23.2% during the third quarter. IFP Advisors Inc now owns 1,021 shares of the construction company’s stock worth $174,000 after acquiring an additional 192 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Simpson Manufacturing in the third quarter worth $473,000. Krilogy Financial LLC grew its position in shares of Simpson Manufacturing by 10.7% in the third quarter. Krilogy Financial LLC now owns 1,426 shares of the construction company’s stock valued at $243,000 after purchasing an additional 138 shares in the last quarter. Mirador Capital Partners LP grew its position in shares of Simpson Manufacturing by 0.9% in the third quarter. Mirador Capital Partners LP now owns 7,466 shares of the construction company’s stock valued at $1,276,000 after purchasing an additional 66 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $347,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.