DA Davidson Has Negative Outlook for SSD FY2025 Earnings

Simpson Manufacturing Co., Inc. (NYSE:SSD) – Research analysts at DA Davidson dropped their FY2025 earnings estimates for Simpson Manufacturing in a research report issued on Tuesday, October 22nd. DA Davidson analyst K. Yinger now expects that the construction company will post earnings per share of $8.39 for the year, down from their previous estimate of $9.14. The consensus estimate for Simpson Manufacturing’s current full-year earnings is $7.55 per share.

Separately, Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday.

Simpson Manufacturing Trading Up 0.3 %

Shares of Simpson Manufacturing stock opened at $176.48 on Thursday. The company’s fifty day simple moving average is $184.33 and its 200-day simple moving average is $178.02. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 23.31 and a beta of 1.32. The company has a current ratio of 3.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.24. Simpson Manufacturing has a 1 year low of $123.93 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 EPS.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be given a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.80%.

Insider Buying and Selling

In related news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock valued at $2,348,027 over the last ninety days. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Simpson Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Simpson Manufacturing by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Simpson Manufacturing by 1.4% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock valued at $235,551,000 after purchasing an additional 19,312 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Simpson Manufacturing by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after purchasing an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Simpson Manufacturing by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock valued at $101,928,000 after purchasing an additional 8,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Simpson Manufacturing by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock valued at $77,623,000 after purchasing an additional 4,195 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

About Simpson Manufacturing

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.