Simpson Manufacturing Company, Inc. (NYSE:SSD) Given Consensus Rating of “Hold” by Analysts

Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) have been given a consensus rating of “Hold” by the five ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $214.75.

Several analysts have recently commented on the company. Wall Street Zen cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Stephens increased their price target on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. DA Davidson boosted their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings cut Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Robert W. Baird raised their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th.

Simpson Manufacturing Stock Up 0.1%

Simpson Manufacturing stock traded up $0.26 during mid-day trading on Friday, hitting $188.86. 178,276 shares of the company’s stock were exchanged, compared to its average volume of 343,441. Simpson Manufacturing has a 1-year low of $156.32 and a 1-year high of $213.49. The stock has a 50 day moving average of $192.11 and a two-hundred day moving average of $185.04. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $7.77 billion, a P/E ratio of 22.14 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The company had revenue of $587.96 million during the quarter, compared to analysts’ expectations of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 earnings per share. As a group, analysts anticipate that Simpson Manufacturing will post 9.17 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s payout ratio is currently 14.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSD. Cooke & Bieler LP boosted its stake in shares of Simpson Manufacturing by 77.9% during the 4th quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock valued at $20,940,000 after purchasing an additional 56,769 shares in the last quarter. Westview Management dba Westview Investment Advisors bought a new position in Simpson Manufacturing in the 4th quarter worth $2,074,000. Comerica Bank lifted its position in Simpson Manufacturing by 21.6% during the fourth quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock valued at $19,921,000 after purchasing an additional 21,889 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Simpson Manufacturing by 2,359.1% during the 4th quarter. SG Americas Securities LLC now owns 62,364 shares of the construction company’s stock worth $10,070,000 after acquiring an additional 59,828 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Simpson Manufacturing by 67.0% during the 4th quarter. Brown Advisory Inc. now owns 327,606 shares of the construction company’s stock valued at $52,899,000 after acquiring an additional 131,381 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.