Simpson Manufacturing (NYSE:SSD) Posts Earnings Results, Misses Estimates By $0.25 EPS

Simpson Manufacturing (NYSE:SSDGet Free Report) issued its quarterly earnings results on Monday. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25), Briefing.com reports. The business had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. Simpson Manufacturing had a return on equity of 23.19% and a net margin of 16.31%. Simpson Manufacturing’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 earnings per share.

Simpson Manufacturing Stock Down 1.7 %

Shares of SSD stock opened at $183.94 on Tuesday. Simpson Manufacturing has a 1-year low of $100.84 and a 1-year high of $202.14. The stock’s fifty day moving average price is $185.39 and its 200 day moving average price is $162.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.46 and a quick ratio of 2.28. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 22.08 and a beta of 1.28.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, April 3rd. Simpson Manufacturing’s payout ratio is 12.97%.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $158.00, for a total transaction of $134,300.00. Following the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at approximately $4,421,630. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 2,550 shares of company stock worth $457,283 in the last ninety days. 0.65% of the stock is owned by insiders.

Institutional Trading of Simpson Manufacturing

Several large investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Simpson Manufacturing by 2.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,619,073 shares of the construction company’s stock valued at $506,435,000 after purchasing an additional 118,070 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Simpson Manufacturing by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company’s stock valued at $457,093,000 after buying an additional 27,350 shares during the period. Capital International Investors lifted its holdings in shares of Simpson Manufacturing by 9.5% in the 1st quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock valued at $227,186,000 after buying an additional 180,856 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Simpson Manufacturing by 3.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company’s stock valued at $203,647,000 after buying an additional 59,800 shares during the period. Finally, State Street Corp lifted its holdings in shares of Simpson Manufacturing by 0.8% in the 2nd quarter. State Street Corp now owns 1,409,122 shares of the construction company’s stock valued at $195,163,000 after buying an additional 11,773 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.

About Simpson Manufacturing

(Get Free Report)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

Further Reading

Earnings History for Simpson Manufacturing (NYSE:SSD)

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