Simpson Manufacturing Co., Inc. (NYSE:SSD) to Issue $0.28 Quarterly Dividend

Simpson Manufacturing Co., Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.28 per share by the construction company on Thursday, January 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%.

Simpson Manufacturing has raised its dividend by an average of 15.4% annually over the last three years. Simpson Manufacturing has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 12.3%.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded up $1.32 during trading on Thursday, reaching $177.80. 8,036 shares of the company’s stock traded hands, compared to its average volume of 280,845. 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 company has a 50 day moving average of $184.33 and a 200-day moving average of $178.02. Simpson Manufacturing has a 12 month low of $124.50 and a 12 month high of $218.38. The stock has a market capitalization of $7.50 billion, a P/E ratio of 23.31 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $2.43 EPS. On average, equities analysts expect that Simpson Manufacturing will post 7.55 EPS for the current year.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now owns 866 shares in the company, valued at $154,797.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the sale, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,571 shares of company stock worth $2,348,027. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased 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.

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.