Robert W. Baird Lowers Simpson Manufacturing (NYSE:SSD) Price Target to $192.00

Simpson Manufacturing (NYSE:SSD) had its target price reduced by Robert W. Baird from $196.00 to $192.00 in a report issued on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Simpson Manufacturing Stock Performance

SSD opened at $167.75 on Tuesday. The business’s 50-day moving average price is $169.31 and its two-hundred day moving average price is $178.56. Simpson Manufacturing has a 1 year low of $155.73 and a 1 year high of $218.38. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 22.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Equities analysts expect that Simpson Manufacturing will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Simpson Manufacturing

Hedge funds have recently modified their holdings of the stock. Park Place Capital Corp bought a new position in Simpson Manufacturing during the fourth quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing during the third quarter worth about $34,000. R Squared Ltd bought a new position in Simpson Manufacturing during the fourth quarter worth about $30,000. Prospera Private Wealth LLC bought a new position in Simpson Manufacturing during the third quarter worth about $37,000. Finally, UMB Bank n.a. grew its holdings in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after purchasing an additional 97 shares during the period. Institutional investors own 93.68% of the company’s stock.

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.