Simpson Manufacturing Company, Inc. (NYSE:SSD) posted its quarterly earnings data on Thursday. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. Simpson Manufacturing Company had a net margin of 10.30% and a return on equity of 10.07%. The company had revenue of $200 million for the quarter, compared to analyst estimates of $196.83 million. During the same quarter in the prior year, the business earned $0.30 EPS. Simpson Manufacturing Company’s revenue was up 8.4% compared to the same quarter last year.
Simpson Manufacturing Company (NYSE:SSD) opened at 43.63 on Friday. Simpson Manufacturing Company has a 1-year low of $31.87 and a 1-year high of $48.41. The company’s 50 day moving average is $44.20 and its 200-day moving average is $43.96. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 24.39 and a beta of 1.42.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 27th. Investors of record on Thursday, April 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. Simpson Manufacturing Company’s dividend payout ratio is presently 40.00%.
Separately, Zacks Investment Research lowered shares of Simpson Manufacturing Company from a “strong-buy” rating to a "hold” rating in a research note on Thursday, December 29th.
In related news, major shareholder Sharon H. Simpson sold 9,889 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $45.83, for a total value of $453,212.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jeffrey Eric Mackenzie sold 1,669 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $45.28, for a total transaction of $75,572.32. The disclosure for this sale can be found here. In the last three months, insiders sold 276,469 shares of company stock worth $12,983,820. 0.50% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Simpson Manufacturing Company during the second quarter worth approximately $129,000. US Bancorp DE raised its position in Simpson Manufacturing Company by 34.3% in the second quarter. US Bancorp DE now owns 3,555 shares of the company’s stock worth $142,000 after buying an additional 908 shares during the period. Victory Capital Management Inc. raised its position in Simpson Manufacturing Company by 77.3% in the second quarter. Victory Capital Management Inc. now owns 3,576 shares of the company’s stock worth $143,000 after buying an additional 1,559 shares during the period. BlackRock Inc. raised its position in Simpson Manufacturing Company by 12.8% in the third quarter. BlackRock Inc. now owns 3,240 shares of the company’s stock worth $143,000 after buying an additional 367 shares during the period. Finally, Amalgamated Bank purchased a new position in Simpson Manufacturing Company during the second quarter worth approximately $201,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
Simpson Manufacturing Company Company Profile
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.

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