Robert W. Baird Increases Simpson Manufacturing (NYSE:SSD) Price Target to $218.00

Simpson Manufacturing (NYSE:SSD) had its price objective increased by Robert W. Baird from $202.00 to $218.00 in a research report sent to investors on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD opened at $181.96 on Monday. The company has a market capitalization of $7.67 billion, a P/E ratio of 24.04 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $184.45 and a 200 day moving average of $178.04. Simpson Manufacturing has a twelve month low of $124.50 and a twelve month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same period last year, the business earned $2.43 EPS. Simpson Manufacturing’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Simpson Manufacturing will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.62%. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the transaction, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the transaction, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,571 shares of company stock worth $2,348,027 in the last 90 days. 0.42% of the stock is currently owned by insiders.

Institutional Trading of Simpson Manufacturing

Large investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new position in Simpson Manufacturing during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at about $34,000. Benjamin F. Edwards & Company Inc. boosted its position in Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after buying an additional 187 shares during the period. CWM LLC boosted its position in Simpson Manufacturing by 50.2% in the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares during the period. 93.68% of the stock is currently owned by institutional investors.

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.