Simpson Manufacturing Co. (NYSE:SSD) announced a quarterly dividend on Friday, July 29th. Shareholders of record on Saturday, October 8th will be paid a dividend of 0.18 per share on Thursday, October 27th. This represents a $0.72 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, October 5th.
Shares of Simpson Manufacturing (NYSE:SSD) opened at 44.33 on Friday. Simpson Manufacturing has a one year low of $30.25 and a one year high of $45.50. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 27.36 and a beta of 1.49. The firm’s 50-day moving average price is $43.89 and its 200-day moving average price is $40.16.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The firm earned $230 million during the quarter, compared to analysts’ expectations of $227.12 million. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Analysts anticipate that Simpson Manufacturing will post $1.74 earnings per share for the current year.
In other news, COO Ricardo M. Arevalo sold 3,437 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $44.40, for a total value of $152,602.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Simpson Manufacturing by 34.3% in the second quarter. US Bancorp DE now owns 3,555 shares of the company’s stock valued at $142,000 after buying an additional 908 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Simpson Manufacturing during the second quarter valued at $227,000. KCG Holdings Inc. acquired a new stake in shares of Simpson Manufacturing during the second quarter valued at $289,000. Algert Global LLC acquired a new stake in shares of Simpson Manufacturing during the second quarter valued at $386,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Simpson Manufacturing by 15.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 13,800 shares of the company’s stock valued at $552,000 after buying an additional 1,800 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Sidoti assumed coverage on shares of Simpson Manufacturing in a research report on Friday, September 9th. They issued a “neutral” rating for the company.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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