Simpson Manufacturing (NYSE:SSD) Sets New 12-Month Low – Time to Sell?

Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) 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 trading hands. The stock had previously closed at $159.08.

Analyst Ratings Changes

Separately, Robert W. Baird boosted 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 Stock Down 1.1 %

The stock has a market cap of $6.63 billion, a P/E ratio of 20.78 and a beta of 1.35. The firm has a 50 day simple moving average of $178.12 and a 200-day simple moving average of $179.94. 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 (NYSE:SSD) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same period in the previous year, the firm posted $2.43 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 directly owns 23,814 shares in the company, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Simpson Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the business. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing in the third quarter valued at about $30,000. V Square Quantitative Management LLC bought a new position in shares of Simpson Manufacturing in the third quarter worth about $34,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing in the third quarter worth about $37,000. Millburn Ridgefield Corp acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $51,000. Finally, Huntington National Bank grew its holdings in shares of Simpson Manufacturing by 73.2% during 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. Institutional investors own 93.68% of the company’s stock.

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.