Simpson Manufacturing (NYSE:SSD) Issues Earnings Results, Misses Estimates By $0.13 EPS

Simpson Manufacturing (NYSE:SSD) posted its quarterly earnings results on Monday. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13), Briefing.com reports. Simpson Manufacturing had a return on equity of 19.63% and a net margin of 15.03%. The firm had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same quarter last year, the firm earned $2.50 EPS. The company’s revenue was down .1% on a year-over-year basis.

Simpson Manufacturing Stock Up 2.3 %

Shares of NYSE SSD traded up $4.12 during mid-day trading on Wednesday, reaching $183.25. The company had a trading volume of 106,389 shares, compared to its average volume of 311,537. The firm has a 50 day simple moving average of $170.05 and a two-hundred day simple moving average of $182.96. Simpson Manufacturing has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The stock has a market cap of $7.73 billion, a P/E ratio of 22.45 and a beta of 1.32.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Wednesday, July 3rd. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s payout ratio is currently 14.04%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Roger Dankel sold 2,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the sale, the executive vice president now owns 26,764 shares in the company, valued at approximately $4,687,179.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now owns 5,033 shares in the company, valued at $861,347.62. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SSD shares. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Simpson Manufacturing Company Profile

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.