Simpson Manufacturing (NYSE:SSD) Posts Quarterly Earnings Results

Simpson Manufacturing (NYSE:SSD) issued its earnings results on Monday. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19), Briefing.com reports. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same quarter in the previous year, the firm posted $2.43 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 1.2% on a year-over-year basis.

Simpson Manufacturing Stock Down 5.5 %

Simpson Manufacturing stock opened at $175.98 on Wednesday. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 22.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. Simpson Manufacturing has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The stock’s fifty day moving average is $184.26 and its two-hundred day moving average is $178.16.

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 dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.64%. Simpson Manufacturing’s dividend payout ratio is presently 14.04%.

Analyst Ratings Changes

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

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director James S. Andrasick sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction 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 directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,571 shares of company stock valued at $2,348,027 in the last 90 days. 0.42% of the stock is currently owned by insiders.

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.