Simpson Manufacturing Co, Inc. (NYSE:SSD) has received an average broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price target of $45.33 for the company and are anticipating that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given Simpson Manufacturing Co an industry rank of 172 out of 265 based on the ratings given to related companies.

Several equities analysts have recently commented on SSD shares. Zacks Investment Research raised shares of Simpson Manufacturing Co from a “sell” rating to a “hold” rating in a report on Saturday, April 1st. BidaskClub raised shares of Simpson Manufacturing Co from a “sell” rating to a “hold” rating in a report on Tuesday.

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Large investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in Simpson Manufacturing Co by 50.9% in the first quarter. LS Investment Advisors LLC now owns 2,416 shares of the construction company’s stock worth $104,000 after buying an additional 815 shares during the last quarter. Elkfork Partners LLC acquired a new stake in Simpson Manufacturing Co during the fourth quarter worth about $107,000. Meadow Creek Investment Management LLC increased its stake in Simpson Manufacturing Co by 2.3% in the first quarter. Meadow Creek Investment Management LLC now owns 3,026 shares of the construction company’s stock worth $130,000 after buying an additional 68 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Simpson Manufacturing Co during the first quarter worth about $154,000. Finally, State of Alaska Department of Revenue increased its stake in Simpson Manufacturing Co by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,470 shares of the construction company’s stock worth $192,000 after buying an additional 90 shares during the last quarter. 83.37% of the stock is currently owned by institutional investors.

Shares of Simpson Manufacturing Co (NYSE SSD) traded up 0.21% during trading on Wednesday, hitting $43.71. 447,972 shares of the stock were exchanged. The stock has a market cap of $2.08 billion, a PE ratio of 21.84 and a beta of 1.42. Simpson Manufacturing Co has a 52-week low of $37.06 and a 52-week high of $48.41. The firm has a 50 day moving average of $41.51 and a 200-day moving average of $43.10.

Simpson Manufacturing Co (NYSE:SSD) last released its earnings results on Thursday, April 27th. The construction company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by $0.05. Simpson Manufacturing Co had a return on equity of 10.58% and a net margin of 10.52%. The company had revenue of $219.87 million during the quarter, compared to analysts’ expectations of $210.66 million. During the same period last year, the firm posted $0.34 EPS. Simpson Manufacturing Co’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that Simpson Manufacturing Co will post $2.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 6th will be paid a dividend of $0.21 per share. This is an increase from Simpson Manufacturing Co’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.92%. Simpson Manufacturing Co’s dividend payout ratio is presently 36.00%.

Simpson Manufacturing Co 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, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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