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

Simpson Manufacturing Company, Inc. (NYSE:SSD) has received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $216.25.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Simpson Manufacturing from $217.00 to $218.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Stephens increased their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, UBS Group reiterated a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th.

Simpson Manufacturing Stock Down 0.0%

NYSE:SSD opened at $182.04 on Monday. 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 price of $193.49 and a two-hundred day moving average price of $188.36. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 19.90 and a beta of 1.31. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. During the same period last year, the company posted $2.47 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Simpson Manufacturing will post 9.09 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. Simpson Manufacturing’s payout ratio is currently 13.11%.

Hedge Funds Weigh In On Simpson Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in Simpson Manufacturing by 33.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock worth $37,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Simpson Manufacturing by 0.6% during the fourth quarter. SkyView Investment Advisors LLC now owns 12,268 shares of the construction company’s stock valued at $1,981,000 after purchasing an additional 77 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Simpson Manufacturing by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock worth $4,236,000 after purchasing an additional 89 shares during the last quarter. HB Wealth Management LLC raised its holdings in Simpson Manufacturing by 6.0% in the 2nd quarter. HB Wealth Management LLC now owns 1,598 shares of the construction company’s stock valued at $335,000 after buying an additional 90 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after buying an additional 92 shares during the period. Institutional investors own 93.68% of the company’s stock.

About Simpson Manufacturing

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.