Simpson Manufacturing (NYSE:SSD- Get a rating) will announce its results after the market closes on Monday, July 25. Analysts expect the company to report earnings of $2.18 per share for the quarter. Investors wishing to participate in the company’s conference call can do so using this link.
Simpson Manufacturing (NYSE:SSD- Get a rating) last released its quarterly earnings data on Monday, April 25. The construction company reported earnings per share (EPS) of $2.18 for the quarter, beating the consensus estimate of $1.58 by $0.60. Simpson Manufacturing had a net margin of 18.07% and a return on equity of 26.86%. The company posted revenue of $493.57 million in the quarter, versus a consensus estimate of $476.28 million. In the same quarter last year, the company earned earnings per share of $1.16. Simpson Manufacturing’s revenue for the quarter increased 42.0% year over year. On average, analysts expect Simpson Manufacturing to post EPS of $7 for the current fiscal year and EPS of $7 for the next fiscal year.
Simpson manufacturing inventory up 0.4%
NYSE:SSD shares opened at $103.88 on Monday. The company has a quick ratio of 4.40, a current ratio of 5.85 and a debt ratio of 0.55. Simpson Manufacturing has a 52-week low of $87.73 and a 52-week high of $141.26. The company has a 50-day moving average of $102.41 and a two-hundred-day moving average of $110.81. The company has a market capitalization of $4.48 billion, a price-earnings ratio of 14.53 and a beta of 1.19.
Simpson Manufacturing increases its dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 28. Shareholders of record on Thursday, July 7 will receive a dividend of $0.26. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, July 6. This represents an annualized dividend of $1.04 and a yield of 1.00%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.55%.
Insider Trading at Simpson Manufacturing
In other Simpson Manufacturing news, Insider Roger Dankel sold 600 shares of Simpson Manufacturing in a trade on Monday, May 2. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the completion of the transaction, the insider now owns 32,412 shares of the company, valued at $3,403,260. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. In other Simpson Manufacturing news, Insider Roger Dankel sold 600 shares of Simpson Manufacturing in a trade on Monday, May 2. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the completion of the transaction, the insider now owns 32,412 shares of the company, valued at $3,403,260. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CEO Karen Winifred Colonias sold 15,000 shares of Simpson Manufacturing in a trade on Monday, June 6. The stock was sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following completion of the transaction, the CEO now directly owns 33,423 shares of the company, valued at approximately $3,691,904.58. Disclosure of this sale can be found here. During the last quarter, insiders sold 22,380 shares of the company valued at $2,429,487. 0.60% of the shares are currently held by company insiders.
Institutional investors weigh in on Simpson Manufacturing
A number of hedge funds have recently increased or reduced their holdings in the stock. Vanguard Group Inc. increased its stake in Simpson Manufacturing by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company valued at $457,093,000 after buying an additional 27,350 shares in the last quarter. Capital International Investors increased its stake in shares of Simpson Manufacturing by 9.5% during the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company valued at $227,186,000 after buying an additional 180,856 shares last quarter. State Street Corp increased its stake in shares of Simpson Manufacturing by 1.7% in the first quarter. State Street Corp now owns 1,347,592 shares of the construction company valued at $146,941,000 after buying an additional 22,435 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in Simpson Manufacturing shares by 2.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 401,994 shares of the construction company valued at $43,834,000 after buying an additional 11,514 shares last quarter. Finally, Loomis Sayles & Co. LP increased its stake in Simpson Manufacturing shares by 25.4% during the first quarter. Loomis Sayles & Co. LP now owns 355,944 shares of the construction company valued at $38,812,000 after buying an additional 71,992 shares last quarter. 91.44% of the shares are currently held by institutional investors.
Wall Street analysts predict growth
A number of research companies have weighed in on SSDs recently. StockNews.com downgraded shares of Simpson Manufacturing from a “strong buy” rating to a “buy” rating in a Wednesday, April 20 research report. Robert W. Baird raised his price target on Simpson Manufacturing shares from $136.00 to $145.00 in a Tuesday, April 26 research report.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures and sells wood and concrete building products. The Company offers wood building products, including connectors, truss plates, fastening systems, fasteners and shear walls, as well as pre-engineered lateral systems for use in light frame construction; and concrete construction products including adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder-actuated tools, fiber-reinforced materials and other repair products for use in concrete construction concrete, masonry and steel, and grouts, coatings, sealants, mortars, fiberglass and fiber reinforced polymer systems, and asphalt products for the repair of concrete construction, and reinforcing products and protection.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Simpson Manufacturing right now?
Before you consider Simpson Manufacturing, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Simpson Manufacturing wasn’t on the list.
Although Simpson Manufacturing currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here