Simpson Manufacturing (NYSE:SSD) Sets New 12-Month Low – Time to Sell?

Simpson Manufacturing Co., Inc. (NYSE:SSD) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $147.34 and last traded at $147.53, with a volume of 21059 shares trading hands. The stock had previously closed at $158.55.

Analyst Upgrades and Downgrades

SSD has been the subject of several research reports. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird reduced their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

The stock has a fifty day moving average price of $164.07 and a 200-day moving average price of $174.80. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 19.20 and a beta of 1.39. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.77%. Simpson Manufacturing’s dividend payout ratio is 14.74%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Simpson Manufacturing

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Simpson Manufacturing by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock worth $697,294,000 after acquiring an additional 31,164 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Simpson Manufacturing by 4.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company’s stock worth $232,148,000 after purchasing an additional 62,165 shares in the last quarter. State Street Corp grew its stake in shares of Simpson Manufacturing by 1.7% during the third quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after purchasing an additional 20,404 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company’s stock valued at $117,804,000 after purchasing an additional 2,502 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in Simpson Manufacturing by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company’s stock worth $104,545,000 after purchasing an additional 10,940 shares during the last quarter. 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.