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

Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) reached a new 52-week low during trading on Tuesday . The stock traded as low as $155.61 and last traded at $156.00, with a volume of 11808 shares. The stock had previously closed at $159.32.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Simpson Manufacturing Stock Down 0.9 %

The firm has a market cap of $6.66 billion, a P/E ratio of 20.77 and a beta of 1.35. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $166.85 and a 200-day moving average price of $177.71.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given 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 0.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value 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. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Simpson Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of SSD. Quarry LP purchased a new position in Simpson Manufacturing in the 4th quarter worth $28,000. Investment Management Corp VA ADV acquired a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $28,000. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing in the fourth quarter worth $29,000. R Squared Ltd acquired a new position in Simpson Manufacturing during the fourth quarter valued at $30,000. Finally, Prospera Private Wealth LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter worth about $37,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

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.