Media coverage about Simpson Manufacturing (NYSE:SSD) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Simpson Manufacturing earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 47.2195806439222 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
SSD has been the topic of a number of research reports. Zacks Investment Research lowered Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research report on Friday, February 2nd. ValuEngine raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Simpson Manufacturing has a consensus rating of “Hold” and a consensus price target of $64.25.
Shares of Simpson Manufacturing opened at $62.71 on Thursday, Marketbeat.com reports. Simpson Manufacturing has a twelve month low of $39.82 and a twelve month high of $63.85. The company has a market cap of $2.94 billion, a PE ratio of 31.67, a PEG ratio of 4.53 and a beta of 1.51.
Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, April 30th. The construction company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Simpson Manufacturing had a return on equity of 10.85% and a net margin of 9.47%. The company had revenue of $244.80 million for the quarter, compared to analyst estimates of $237.57 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 11.3% on a year-over-year basis. research analysts predict that Simpson Manufacturing will post 2.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 5th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, July 3rd. This represents a $0.88 annualized dividend and a yield of 1.40%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.21. Simpson Manufacturing’s dividend payout ratio is 42.42%.
In related news, insider Psb Fund Simpson sold 253,749 shares of the company’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $57.64, for a total transaction of $14,626,092.36. Following the completion of the sale, the insider now owns 719,269 shares in the company, valued at $41,458,665.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Sharon H. Simpson sold 27,550 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.50, for a total value of $1,611,675.00. The disclosure for this sale can be found here. Insiders have sold 705,993 shares of company stock valued at $40,641,139 in the last quarter. 0.39% of the stock is currently owned by corporate 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.
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