According to Zacks, “Simpson Manufacturing Company Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., designs, engineers and is a leading manufacturer of wood construction products and software solutions, including connectors, truss plates, fastening systems, fasteners and shearwalls, and concrete construction products, including adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials. “
Separately, Sidoti set a $72.00 target price on Simpson Manufacturing and gave the company a buy rating in a research report on Tuesday, February 5th.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 4th. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.16). The firm had revenue of $241.80 million during the quarter, compared to the consensus estimate of $251.77 million. Simpson Manufacturing had a net margin of 12.01% and a return on equity of 15.18%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts predict that Simpson Manufacturing will post 3.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.42%. Simpson Manufacturing’s payout ratio is 30.45%.
Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in shares of Simpson Manufacturing by 38.2% during the 4th quarter. Deutsche Bank AG now owns 265,644 shares of the construction company’s stock valued at $14,376,000 after acquiring an additional 73,434 shares during the period. Geode Capital Management LLC lifted its position in shares of Simpson Manufacturing by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 432,946 shares of the construction company’s stock valued at $23,435,000 after acquiring an additional 33,498 shares during the period. Norges Bank bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $26,408,000. FMR LLC lifted its position in shares of Simpson Manufacturing by 4.7% during the 4th quarter. FMR LLC now owns 870,718 shares of the construction company’s stock valued at $47,132,000 after acquiring an additional 39,008 shares during the period. Finally, BW Gestao de Investimentos Ltda. lifted its position in shares of Simpson Manufacturing by 1.6% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 20,531 shares of the construction company’s stock valued at $1,111,000 after acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 89.31% of the company’s stock.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
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