Simpson Manufacturing (NYSE:SSD) Reaches New 1-Year Low – Should You Sell?

Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) hit a new 52-week low on Friday . The company traded as low as $152.87 and last traded at $153.01, with a volume of 67569 shares traded. The stock had previously closed at $156.76.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSD. DA Davidson dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Down 1.4 %

The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $165.43 and a 200 day simple moving average of $175.82. The firm has a market capitalization of $6.52 billion, a P/E ratio of 20.41 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. New York Life Investment Management LLC purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $738,000. Champlain Investment Partners LLC purchased a new stake in Simpson Manufacturing during the third quarter valued at $16,060,000. Diversified Trust Co purchased a new stake in Simpson Manufacturing during the fourth quarter valued at $591,000. Charles Schwab Investment Management Inc. increased its position in Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after acquiring an additional 7,351 shares during the last quarter. Hedge funds and other 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.