Simpson Manufacturing Co., Inc. (NYSE:SSD) Announces $0.27 Quarterly Dividend

Simpson Manufacturing Co., Inc. (NYSE:SSD) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Thursday, April 4th will be given a dividend of 0.27 per share by the construction company on Thursday, April 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, April 3rd.

Simpson Manufacturing has increased its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Simpson Manufacturing has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.84 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 11.0%.

Simpson Manufacturing Stock Performance

SSD opened at $205.18 on Monday. The firm has a market cap of $8.71 billion, a P/E ratio of 24.84 and a beta of 1.30. Simpson Manufacturing has a 1-year low of $102.13 and a 1-year high of $218.38. The company has a 50 day simple moving average of $196.36 and a two-hundred day simple moving average of $174.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The firm had revenue of $501.70 million during the quarter, compared to the consensus estimate of $482.98 million. During the same quarter in the previous year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Simpson Manufacturing will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $184.16, for a total value of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the sale, the director now owns 14,638 shares in the company, valued at approximately $2,817,522.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the sale, the executive vice president now owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock worth $927,460 over the last 90 days. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On Simpson Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at about $27,000. Quantbot Technologies LP purchased a new position in shares of Simpson Manufacturing in the 1st quarter worth approximately $30,000. First Capital Advisors Group LLC. purchased a new position in shares of Simpson Manufacturing in the 2nd quarter worth approximately $57,000. Point72 Hong Kong Ltd purchased a new position in shares of Simpson Manufacturing in the 1st quarter worth approximately $84,000. Finally, Covestor Ltd grew its position in shares of Simpson Manufacturing by 59.5% in the 1st quarter. Covestor Ltd now owns 815 shares of the construction company’s stock worth $89,000 after buying an additional 304 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Robert W. Baird upped their target price on shares of Simpson Manufacturing from $198.00 to $205.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th.

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.