Simpson Manufacturing (NYSE:SSD) PT Raised to $215.00 at Robert W. Baird

Simpson Manufacturing (NYSE:SSD) had its price target hoisted by analysts at Robert W. Baird from $205.00 to $215.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target points to a potential upside of 17.85% from the stock’s previous close.

Separately, StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th.

Simpson Manufacturing Trading Up 2.0 %

Shares of SSD traded up $3.63 on Thursday, hitting $182.43. 65,284 shares of the stock traded hands, compared to its average volume of 220,255. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.75 billion, a P/E ratio of 22.11 and a beta of 1.30. The stock’s 50 day moving average is $197.89 and its two-hundred day moving average is $177.73. Simpson Manufacturing has a 1 year low of $110.40 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). The firm had revenue of $501.70 million for the quarter, compared to analysts’ expectations of $482.98 million. Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. As a group, sell-side analysts predict that Simpson Manufacturing will post 8.74 earnings per share for the current year.

Insider Transactions at Simpson Manufacturing

In other news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock valued at $927,460 over the last 90 days. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ironwood Financial llc bought a new position in Simpson Manufacturing during the 1st quarter valued at $205,000. 180 Wealth Advisors LLC acquired a new position in Simpson Manufacturing during the 1st quarter worth $205,000. Wealth Enhancement Advisory Services LLC grew its holdings in Simpson Manufacturing by 4.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the construction company’s stock worth $580,000 after acquiring an additional 133 shares in the last quarter. High Net Worth Advisory Group LLC acquired a new position in Simpson Manufacturing during the 1st quarter worth $746,000. Finally, Congress Asset Management Co. MA acquired a new position in Simpson Manufacturing during the 1st quarter worth $439,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

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.