Simpson Manufacturing (NYSE:SSD) Sets New 1-Year Low – Here’s Why

Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) hit a new 52-week low during trading on Thursday . The company traded as low as $147.34 and last traded at $147.53, with a volume of 21059 shares traded. The stock had previously closed at $158.55.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of research reports. Robert W. Baird cut their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. DA Davidson lowered their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Simpson Manufacturing Trading Down 8.3 %

The company has a market capitalization of $6.10 billion, a P/E ratio of 19.20 and a beta of 1.39. The business has a 50 day moving average price of $164.07 and a 200 day moving average price of $174.80. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.77%. Simpson Manufacturing’s payout ratio is 14.74%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Simpson Manufacturing in the 4th quarter valued at $28,000. Investment Management Corp VA ADV acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $28,000. Park Place Capital Corp bought a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $29,000. World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing during the third quarter worth about $30,000. Finally, R Squared Ltd bought a new position in shares of Simpson Manufacturing during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

About Simpson Manufacturing

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.