Simpson Manufacturing Company, Inc. Declares Quarterly Dividend of $0.30 (NYSE:SSD)

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Thursday, October 1st will be given a dividend of 0.30 per share by the construction company on Thursday, October 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st.

Simpson Manufacturing has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 11 years. Simpson Manufacturing has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.97 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 12.0%.

Simpson Manufacturing Price Performance

Shares of SSD traded up $4.32 during mid-day trading on Friday, reaching $193.58. The company had a trading volume of 350,457 shares, compared to its average volume of 293,080. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 22.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 3.40. The company’s 50 day simple moving average is $192.05 and its 200 day simple moving average is $186.64. Simpson Manufacturing has a 1-year low of $156.32 and a 1-year high of $213.49.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million during the quarter, compared to analysts’ expectations of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. Analysts expect that Simpson Manufacturing will post 9.13 EPS for the current year.

Institutional Trading of Simpson Manufacturing

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 57 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Simpson Manufacturing by 1.3% during the fourth quarter. Apollon Wealth Management LLC now owns 4,927 shares of the construction company’s stock valued at $796,000 after purchasing an additional 62 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in Simpson Manufacturing by 0.6% during the fourth quarter. SkyView Investment Advisors LLC now owns 12,268 shares of the construction company’s stock worth $1,981,000 after purchasing an additional 77 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in 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. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after acquiring an additional 92 shares in the last quarter. 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.