Simpson Manufacturing (NYSE:SSD) Releases Earnings Results, Beats Expectations By $0.04 EPS

Simpson Manufacturing (NYSE:SSD) posted its quarterly earnings data on Monday. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04, Zacks reports. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%.

Simpson Manufacturing Trading Up 1.6 %

Shares of SSD stock opened at $169.55 on Wednesday. The stock has a 50-day simple moving average of $169.93 and a 200 day simple moving average of $178.73. The stock has a market capitalization of $7.15 billion, a P/E ratio of 22.40 and a beta of 1.35. Simpson Manufacturing has a fifty-two week low of $155.73 and a fifty-two week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of the 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 sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.

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.