Robert W. Baird Cuts Simpson Manufacturing (NYSE:SSD) Price Target to $192.00

Simpson Manufacturing (NYSE:SSD) had its target price trimmed by Robert W. Baird from $196.00 to $192.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Simpson Manufacturing Trading Up 1.9 %

Simpson Manufacturing stock opened at $167.75 on Tuesday. The business has a 50 day moving average price of $169.31 and a two-hundred day moving average price of $178.56. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 22.16 and a beta of 1.35. Simpson Manufacturing has a 12 month low of $155.73 and a 12 month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. As a group, equities analysts forecast that Simpson Manufacturing will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 250 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SSD. Champlain Investment Partners LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter worth $16,060,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing during the 4th quarter worth $591,000. US Bancorp DE raised its stake in Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares during the period. International Assets Investment Management LLC raised its stake in Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after buying an additional 5,863 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after buying an additional 6,585 shares during the period. Institutional investors and hedge funds 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.