StockNews.com downgraded shares of Simpson Manufacturing (NYSE:SSD – Get Rating) from a buy rating to a hold rating in a research report report published on Wednesday.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $82.17 on Wednesday. Simpson Manufacturing has a 12 month low of $80.69 and a 12 month high of $141.26. The firm has a fifty day simple moving average of $98.00 and a 200 day simple moving average of $103.40. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 10.74 and a beta of 1.17. The company has a current ratio of 3.33, a quick ratio of 1.84 and a debt-to-equity ratio of 0.52.

Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its earnings results on Monday, July 25th. The construction company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.01 by $0.15. Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. The business had revenue of $593.23 million during the quarter, compared to analysts' expectations of $579.84 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The firm's revenue was up 44.6% on a year-over-year basis. Research analysts forecast that Simpson Manufacturing will post 7.35 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

Insiders Place Their Bets

In other Simpson Manufacturing news, insider Roger Dankel sold 600 shares of the company's stock in a transaction on Friday, July 8th. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00. Following the sale, the insider now directly owns 31,212 shares of the company's stock, valued at $3,277,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $102.39, for a total value of $255,975.00. Following the transaction, the chief financial officer now directly owns 22,547 shares of the company's stock, valued at $2,308,587.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger Dankel sold 600 shares of the stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now directly owns 31,212 shares in the company, valued at $3,277,260. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $568,975. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Simpson Manufacturing

Several large investors have recently modified their holdings of the stock. Strs Ohio increased its position in Simpson Manufacturing by 2.0% during the first quarter. Strs Ohio now owns 5,000 shares of the construction company's stock worth $545,000 after acquiring an additional 100 shares during the period. Van ECK Associates Corp increased its position in Simpson Manufacturing by 8.7% during the second quarter. Van ECK Associates Corp now owns 1,311 shares of the construction company's stock worth $132,000 after acquiring an additional 105 shares during the period. Commonwealth Equity Services LLC increased its position in Simpson Manufacturing by 2.9% during the second quarter. Commonwealth Equity Services LLC now owns 3,892 shares of the construction company's stock worth $391,000 after acquiring an additional 108 shares during the period. Lindenwold Advisors increased its position in Simpson Manufacturing by 5.1% during the first quarter. Lindenwold Advisors now owns 2,262 shares of the construction company's stock worth $247,000 after acquiring an additional 110 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Simpson Manufacturing by 45.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 354 shares of the construction company's stock worth $35,000 after acquiring an additional 110 shares during the period. 89.52% of the stock is owned by institutional investors.

Simpson Manufacturing Company Profile

(Get Rating)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

Read More

• Get a free copy of the StockNews.com research report on Simpson Manufacturing (SSD)
• The Worst May be Over for Target, But is the Stock Safe to Buy?
• Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
• Two Fun Stocks The Insiders Are Buying
• Novavax Remains a Risk-On Stock in a Risk-Off Market
• 3 Defensive Stocks With 60-Year Dividend Hike Streaks

Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.