Simpson Manufacturing (NYSE:SSD) Hits New 52-Week Low – Here’s What Happened

Simpson Manufacturing Co., Inc. (NYSE:SSD)’s stock price reached a new 52-week low on Friday . The company traded as low as $155.78 and last traded at $158.50, with a volume of 24688 shares changing hands. The stock had previously closed at $159.08.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Simpson Manufacturing Trading Down 1.1 %

The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.63 billion, a P/E ratio of 20.78 and a beta of 1.35. The business’s 50 day moving average is $178.12 and its 200-day moving average is $179.94.

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

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simpson Manufacturing

Several large investors have recently modified their holdings of SSD. World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing during the third quarter valued at about $30,000. V Square Quantitative Management LLC bought a new stake in Simpson Manufacturing in the third quarter valued at $34,000. Prospera Private Wealth LLC bought a new stake in Simpson Manufacturing during the third quarter worth about $37,000. Millburn Ridgefield Corp bought a new stake in Simpson Manufacturing during the 3rd quarter worth approximately $51,000. Finally, Huntington National Bank raised its position in Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after purchasing an additional 142 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Company Profile

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.