DA Davidson Has Negative Outlook for SSD FY2025 Earnings

Simpson Manufacturing Co., Inc. (NYSE:SSD) – DA Davidson reduced their FY2025 EPS estimates for shares of Simpson Manufacturing in a research note issued on Tuesday, October 22nd. DA Davidson analyst K. Yinger now expects that the construction company will earn $8.39 per share for the year, down from their prior estimate of $9.14. The consensus estimate for Simpson Manufacturing’s current full-year earnings is $7.55 per share.

Separately, Robert W. Baird increased their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday.

Simpson Manufacturing Price Performance

NYSE SSD opened at $176.48 on Thursday. The company has a 50 day simple moving average of $184.33 and a 200-day simple moving average of $178.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 2.21. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 23.31 and a beta of 1.32. Simpson Manufacturing has a 52-week low of $123.93 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analysts’ expectations of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Insider Buying and Selling

In related news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares in the company, valued at approximately $708,114.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the transaction, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,571 shares of company stock worth $2,348,027. Insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Simpson Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Simpson Manufacturing by 1.4% during the second quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock valued at $235,551,000 after purchasing an additional 19,312 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Simpson Manufacturing by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after purchasing an additional 39,803 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in Simpson Manufacturing by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock valued at $101,928,000 after purchasing an additional 8,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Simpson Manufacturing by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock valued at $77,623,000 after purchasing an additional 4,195 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.