Simpson Manufacturing (NYSE:SSD) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Simpson Manufacturing (NYSE:SSD) posted its earnings results on Monday. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19), Briefing.com reports. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same period in the previous year, the company earned $2.43 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year.

Simpson Manufacturing Stock Down 2.0 %

Shares of SSD traded down $3.83 during mid-day trading on Monday, hitting $186.25. 202,970 shares of the company’s stock were exchanged, compared to its average volume of 280,823. The stock’s 50-day moving average is $183.96 and its 200-day moving average is $178.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. Simpson Manufacturing has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 23.93 and a beta of 1.32.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.38%.

Analysts Set New Price Targets

Separately, Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the transaction, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 2,700 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,571 shares of company stock worth $2,348,027. Corporate insiders own 0.42% 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.