Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Simpson Manufacturing (SSD) Share Price
Media headlines about Simpson Manufacturing (NYSE:SSD) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Simpson Manufacturing earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.5413149066443 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Simpson Manufacturing (NYSE:SSD) opened at 46.95 on Friday. Simpson Manufacturing has a 52 week low of $39.82 and a 52 week high of $48.41. The stock has a market capitalization of $2.22 billion, a PE ratio of 22.90 and a beta of 1.41. The stock has a 50 day moving average price of $44.09 and a 200 day moving average price of $42.78.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Equities analysts forecast that Simpson Manufacturing will post $2.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
Several research analysts have recently issued reports on SSD shares. Zacks Investment Research cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.
In related news, major shareholder Sharon H. Simpson sold 106,776 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $43.90, for a total value of $4,687,466.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Sharon H. Simpson sold 67,163 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $43.62, for a total value of $2,929,650.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 350,999 shares of company stock valued at $15,341,008. Insiders own 0.36% of the company’s stock.
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, 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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