Headlines about Simpson Manufacturing (NYSE:SSD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Simpson Manufacturing earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 47.20993972997 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SSD stock opened at $62.86 on Friday. Simpson Manufacturing has a 1 year low of $39.82 and a 1 year high of $63.08. The firm has a market capitalization of $2.84 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 4.37 and a beta of 1.51.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 30th. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. Simpson Manufacturing had a net margin of 9.47% and a return on equity of 10.85%. The business had revenue of $244.80 million during the quarter, compared to analyst estimates of $237.57 million. During the same quarter in the previous year, the business earned $0.30 EPS. Simpson Manufacturing’s quarterly revenue was up 11.3% compared to the same quarter last year. research analysts forecast that Simpson Manufacturing will post 2.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Tuesday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.21. Simpson Manufacturing’s payout ratio is presently 42.42%.
Several equities research analysts recently issued reports on SSD shares. Zacks Investment Research raised shares of Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 9th. ValuEngine raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $64.25.
In related news, insider Psb Fund Simpson sold 253,749 shares of Simpson Manufacturing stock in a transaction on Friday, April 6th. The shares were sold at an average price of $57.64, for a total value of $14,626,092.36. Following the completion of the sale, the insider now owns 719,269 shares of the company’s stock, valued at approximately $41,458,665.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Sharon H. Simpson sold 30,374 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.78, for a total transaction of $1,755,009.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 758,207 shares of company stock valued at $43,648,455. 0.39% of the stock is owned by company insiders.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.