Simpson Manufacturing (NYSE:SSD) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Simpson Manufacturing (NYSE:SSD) issued its earnings results on Monday. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. The business had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.77% and a net margin of 15.45%. Simpson Manufacturing’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS.

Simpson Manufacturing Price Performance

SSD stock opened at $169.28 on Wednesday. The firm’s 50-day moving average price is $197.04 and its two-hundred day moving average price is $178.93. Simpson Manufacturing has a 12-month low of $112.38 and a 12-month high of $218.38. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 21.21 and a beta of 1.30. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SSD has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th.

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.