Simpson Manufacturing Co., Inc. to Issue Quarterly Dividend of $0.28 (NYSE:SSD)

Simpson Manufacturing Co., Inc. (NYSE:SSD) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.28 per share by the construction company on Thursday, January 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, January 2nd.

Simpson Manufacturing has increased its dividend by an average of 15.4% per year over the last three years. Simpson Manufacturing has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Simpson Manufacturing to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 12.3%.

Simpson Manufacturing Stock Up 3.1 %

Simpson Manufacturing stock opened at $181.96 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.21 and a current ratio of 3.53. Simpson Manufacturing has a one year low of $124.50 and a one year high of $218.38. The company has a 50-day simple moving average of $184.45 and a 200-day simple moving average of $178.04. The firm has a market capitalization of $7.67 billion, a P/E ratio of 24.04 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.43 EPS. As a group, equities analysts expect that Simpson Manufacturing will post 7.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday.

Insider Activity at Simpson Manufacturing

In related news, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now owns 866 shares in the company, valued at $154,797.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,571 shares of company stock worth $2,348,027 over the last ninety days. 0.42% of the stock is currently owned by corporate 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.