Simpson Manufacturing (NYSE:SSD) Announces Earnings Results

Simpson Manufacturing (NYSE:SSD) released its earnings results on Monday. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04, Zacks reports. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%.

Simpson Manufacturing Trading Up 1.6 %

NYSE SSD opened at $169.55 on Wednesday. Simpson Manufacturing has a 1-year low of $155.73 and a 1-year high of $218.38. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.15 billion, a PE ratio of 22.40 and a beta of 1.35. The firm’s fifty day simple moving average is $169.93 and its 200-day simple moving average is $178.73.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by company insiders.

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.