Simpson Manufacturing Company, Inc. (SSD) To Go Ex-Dividend on July 2nd

Simpson Manufacturing Company, Inc. (NYSE:SSD) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.30 per share by the construction company on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 2nd. This is a 3.4% increase from Simpson Manufacturing’s previous quarterly dividend of $0.29.

Simpson Manufacturing has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 11 years. Simpson Manufacturing has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

SSD opened at $208.77 on Tuesday. Simpson Manufacturing has a 1-year low of $154.22 and a 1-year high of $213.49. The stock has a market cap of $8.59 billion, a P/E ratio of 24.48 and a beta of 1.32. The stock’s 50 day simple moving average is $189.93 and its 200 day simple moving average is $183.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.40 and a quick ratio of 2.02.

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

Analyst Ratings Changes

Several research firms have weighed in on SSD. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Stephens increased their price target on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Stifel Nicolaus lifted their price objective on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, DA Davidson upped their target price on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.75.

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.