Simpson Manufacturing Company, Inc. (NYSE:SSD) Receives $214.75 Consensus PT from Analysts

Simpson Manufacturing Company, Inc. (NYSE:SSD) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $214.75.

SSD has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Stifel Nicolaus lifted their target price on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Stephens boosted their price target on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, 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.

Institutional Investors Weigh In On Simpson Manufacturing

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after purchasing an additional 92 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. bought a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $34,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at approximately $37,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Up 2.2%

Shares of Simpson Manufacturing stock opened at $193.88 on Friday. The stock’s fifty day moving average is $191.89 and its 200-day moving average is $185.81. The firm has a market capitalization of $7.98 billion, a PE ratio of 22.73 and a beta of 1.30. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17. Simpson Manufacturing has a 12-month low of $156.32 and a 12-month high of $213.49.

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

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.30 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.20 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.07%.

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.