Simpson Manufacturing Company, Inc. (SSD) To Go Ex-Dividend on October 1st

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.30 per share by the construction company on Thursday, October 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st.

Simpson Manufacturing has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Simpson Manufacturing has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.97 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 12.0%.

Simpson Manufacturing Trading Up 2.3%

Shares of SSD opened at $193.58 on Friday. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $7.96 billion, a PE ratio of 22.69 and a beta of 1.30. Simpson Manufacturing has a 1 year low of $156.32 and a 1 year high of $213.49. The stock has a 50 day simple moving average of $192.35 and a 200-day simple moving average of $186.69.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The firm had revenue of $587.96 million for the quarter, compared to analysts’ expectations of $550.08 million. During the same period in the prior year, the business posted $1.85 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Simpson Manufacturing will post 9.08 EPS for the current fiscal year.

Institutional Trading of Simpson Manufacturing

A number of institutional investors have recently bought and sold shares of SSD. Bank of Montreal Can boosted its position in shares of Simpson Manufacturing by 11,044.7% in the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock worth $109,556,000 after purchasing an additional 672,402 shares during the last quarter. Norges Bank acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth about $85,140,000. Victory Capital Management Inc. increased its stake in shares of Simpson Manufacturing by 6,234.7% in the 4th quarter. Victory Capital Management Inc. now owns 397,947 shares of the construction company’s stock valued at $64,257,000 after acquiring an additional 391,665 shares during the last quarter. Capital International Investors raised its position in shares of Simpson Manufacturing by 93.7% in the 4th quarter. Capital International Investors now owns 663,195 shares of the construction company’s stock valued at $107,086,000 after acquiring an additional 320,870 shares during the period. Finally, ValueAct Holdings L.P. boosted its stake in Simpson Manufacturing by 21.9% during the 4th quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock worth $237,707,000 after acquiring an additional 264,200 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.