Simpson Manufacturing (SSD) to Release Quarterly Earnings on Monday

Simpson Manufacturing (NYSE:SSD) is scheduled to be releasing its earnings data after the market closes on Monday, April 22nd. Analysts expect Simpson Manufacturing to post earnings of $1.84 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Simpson Manufacturing (NYSE:SSD) last issued its 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). The company had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. Simpson Manufacturing’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 EPS. On average, analysts expect Simpson Manufacturing to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $184.38 on Friday. The company has a market cap of $7.83 billion, a P/E ratio of 22.32 and a beta of 1.30. Simpson Manufacturing has a 52-week low of $111.29 and a 52-week high of $218.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63. The firm’s fifty day moving average is $197.56 and its two-hundred day moving average is $178.23.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the transaction, the executive vice president now owns 28,764 shares in the company, valued at $5,697,573.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now owns 4,044 shares in the company, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders have sold a total of 4,634 shares of company stock worth $927,460 in the last three months. Insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Simpson Manufacturing

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in Simpson Manufacturing by 5.8% during the 1st quarter. American Century Companies Inc. now owns 10,786 shares of the construction company’s stock worth $1,176,000 after acquiring an additional 587 shares in the last quarter. HighTower Advisors LLC grew its stake in Simpson Manufacturing by 4.2% during the 1st quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock worth $300,000 after purchasing an additional 111 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in Simpson Manufacturing during the 1st quarter worth about $231,000. Bank of Montreal Can raised its position in Simpson Manufacturing by 4.0% in the 1st quarter. Bank of Montreal Can now owns 3,420 shares of the construction company’s stock valued at $389,000 after purchasing an additional 133 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Simpson Manufacturing by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,920 shares of the construction company’s stock valued at $1,736,000 after buying an additional 1,518 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SSD shares. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Robert W. Baird upped their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday.

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.