Insider Roger Dankel of Simpson Manufacturing Co., Inc. (NYSE: SSD – Get Rating) sold 600 shares of the company in a trade that took place on Monday, May 2. The stock was sold at an average price of $105.00, for a total transaction of $63,000.00. Following the sale, the insider now directly owns 32,412 shares of the company, valued at approximately $3,403,260. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.
SSD stock opened at $109.72 on Thursday. The company has a 50-day simple moving average of $111.50 and a 200-day simple moving average of $118.31. The stock has a market capitalization of $4.76 billion, a price-earnings ratio of 15.35 and a beta of 1.20. Simpson Manufacturing Co., Inc. has a 1-year low of $102.20 and a 1-year high of $141.26. The company has a debt ratio of 0.55, a current ratio of 5.85 and a quick ratio of 4.40.
Simpson Manufacturing (NYSE:SSD – Get 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 Zacks consensus estimate of $1.67 by $0.51. The company posted revenue of $493.57 million in the quarter, compared to $476.28 million expected by analysts. Simpson Manufacturing had a net margin of 18.07% and a return on equity of 26.86%. The company’s quarterly revenue increased by 42.0% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.16. On average, equity research analysts expect Simpson Manufacturing Co., Inc. to post EPS of 7.23 for the current fiscal year.
A number of hedge funds and other institutional investors have recently changed their positions in the company. Advisor Group Holdings Inc. increased its position in Simpson Manufacturing by 2.0% in Q1. Advisor Group Holdings Inc. now owns 7,387 shares of the construction company valued at $771,000 after acquiring 148 additional shares during the period. Benjamin Edwards Inc. acquired a new position in Simpson Manufacturing in Q1 worth approximately $251,000. Envestnet Asset Management Inc. increased its position in Simpson Manufacturing by 1.5% in Q1. Envestnet Asset Management Inc. now owns 57,180 shares of the construction company valued at $6,235,000 after acquiring an additional 829 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Simpson Manufacturing in Q1 worth approximately $1,043,000. Finally, Granite Investment Partners LLC strengthened its position in Simpson Manufacturing by 4.1% in the 1st quarter. Granite Investment Partners LLC now owns 22,959 shares of the construction company valued at $2,503,000 after acquiring an additional 895 shares during the period. Hedge funds and other institutional investors own 91.44% of the company’s shares.
SSD has been the subject of a number of recent analyst reports. Robert W. Baird raised his price target on Simpson Manufacturing shares from $136.00 to $145.00 in a Tuesday, April 26 report. CJS Securities upgraded shares of Simpson Manufacturing from a “market performer” rating to an “outperformer” rating in a Tuesday, Feb. 8 report. DA Davidson raised its price target on Simpson Manufacturing shares from $120.00 to $142.00 in a Wednesday, January 5 report. StockNews.com upgraded Simpson Manufacturing shares from a “strong buy” rating to a “buy” rating in a Wednesday, April 20 research report. Finally, Sidoti moved Simpson Manufacturing shares from a “neutral” rating to a “buy” rating and set a price target of $152.00 for the company in a Tuesday, February 8 research report. Five investment analysts rated the stock with a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $139.25.
Simpson Manufacturing Company Profile (Get a rating)
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.
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