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Simpson Manufacturing (NYSE:SSD) Reaches New 12-Month Low at $80.53

Financial News Live · Sep 22, 2022 10:52

Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $80.53 and last traded at $81.09, with a volume of 490 shares trading hands. The stock had previously closed at $82.17.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a research report on Wednesday.

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Simpson Manufacturing Trading Down 1.0 %

The firm has a market cap of $3.51 billion, a P/E ratio of 10.74 and a beta of 1.17. The business's 50-day moving average is $98.00 and its two-hundred day moving average is $103.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.33 and a quick ratio of 1.84.

Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The construction company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.18 by ($0.02). The firm had revenue of $593.23 million during the quarter, compared to analyst estimates of $579.84 million. Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. The business's revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. As a group, analysts predict that Simpson Manufacturing Co., Inc. will post 7.35 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 6th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, October 5th. Simpson Manufacturing's dividend payout ratio is currently 13.59%.

Insider Buying and Selling at Simpson Manufacturing

In other news, CFO Brian J. Magstadt sold 2,500 shares of the firm's stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the chief financial officer now owns 22,547 shares in the company, valued at approximately $2,308,587.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Brian J. Magstadt sold 2,500 shares of the firm's stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the chief financial officer now owns 22,547 shares in the company, valued at approximately $2,308,587.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Roger Dankel sold 600 shares of the firm's stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $105.00, for a total transaction of $63,000.00. Following 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. Insiders sold a total of 5,600 shares of company stock worth $568,975 over the last quarter. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Simpson Manufacturing

A number of hedge funds have recently bought and sold shares of the business. 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 holdings in Simpson Manufacturing by 8.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,311 shares of the construction company's stock valued at $132,000 after buying an additional 105 shares during the period. Commonwealth Equity Services LLC increased its holdings in Simpson Manufacturing by 2.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,892 shares of the construction company's stock valued at $391,000 after buying an additional 108 shares during the period. Lindenwold Advisors increased its holdings in Simpson Manufacturing by 5.1% in the 1st quarter. Lindenwold Advisors now owns 2,262 shares of the construction company's stock valued at $247,000 after buying an additional 110 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Simpson Manufacturing by 45.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 354 shares of the construction company's stock valued at $35,000 after buying an additional 110 shares during the period. 89.52% of the stock is owned by institutional investors.

Simpson Manufacturing Company Profile

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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.