Simpson Manufacturing Co., Inc. (NYSE:SSD) Plans Quarterly Dividend of $0.28

Simpson Manufacturing Co., Inc. (NYSE:SSD) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Thursday, July 4th will be paid a dividend of 0.28 per share by the construction company on Thursday, July 25th. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27.

Simpson Manufacturing has raised its dividend by an average of 15.4% annually over the last three years. Simpson Manufacturing has a dividend payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Simpson Manufacturing to earn $9.59 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 11.7%.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $163.86 on Tuesday. The firm has a market cap of $6.91 billion, a PE ratio of 20.53 and a beta of 1.32. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. Simpson Manufacturing has a 1-year low of $123.93 and a 1-year high of $218.38. The company has a fifty day moving average price of $170.41 and a 200 day moving average price of $185.18.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter in the prior year, the company earned $2.05 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Research analysts predict that Simpson Manufacturing will post 8.44 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Roger Dankel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the sale, the executive vice president now directly owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the sale, the executive vice president now owns 5,033 shares in the company, valued at approximately $861,347.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the sale, the executive vice president now owns 26,764 shares in the company, valued at approximately $4,687,179.32. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on SSD shares. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th.

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.