Simpson Manufacturing Company, Inc. (SSD) Expected to Post Quarterly Sales of $225.48 Million

Equities analysts predict that Simpson Manufacturing Company, Inc. (NYSE:SSD) will post sales of $225.48 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Simpson Manufacturing’s earnings. The highest sales estimate is $232.40 million and the lowest is $218.56 million. Simpson Manufacturing posted sales of $200.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The firm is scheduled to announce its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Simpson Manufacturing will report full year sales of $225.48 million for the current year, with estimates ranging from $963.91 million to $977.80 million. For the next year, analysts anticipate that the company will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Simpson Manufacturing.

A number of equities research analysts have issued reports on the company. BidaskClub downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Robert W. Baird reissued a “hold” rating and set a $46.00 price target on shares of Simpson Manufacturing in a research report on Friday, October 20th. Finally, DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st.

Shares of Simpson Manufacturing (NYSE:SSD) opened at $60.38 on Wednesday. Simpson Manufacturing has a 1 year low of $39.82 and a 1 year high of $61.62. The stock has a market capitalization of $2,860.00, a PE ratio of 32.72, a price-to-earnings-growth ratio of 6.42 and a beta of 1.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, January 3rd. Simpson Manufacturing’s payout ratio is 41.38%.

In other news, insider Psb Fund Simpson sold 72,424 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.23, for a total value of $3,565,433.52. Following the completion of the sale, the insider now owns 1,266,213 shares of the company’s stock, valued at $62,335,665.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sharon H. Simpson sold 11,962 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $49.05, for a total value of $586,736.10. Following the completion of the sale, the insider now directly owns 769,504 shares of the company’s stock, valued at approximately $37,744,171.20. The disclosure for this sale can be found here. Insiders sold 966,062 shares of company stock valued at $14,581,567,733 in the last ninety days. Company insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. boosted its holdings in Simpson Manufacturing by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,337 shares of the construction company’s stock valued at $233,000 after purchasing an additional 53 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in Simpson Manufacturing by 0.4% in the second quarter. Granite Investment Partners LLC now owns 24,658 shares of the construction company’s stock valued at $1,078,000 after purchasing an additional 94 shares during the last quarter. Arizona State Retirement System boosted its holdings in Simpson Manufacturing by 0.5% in the second quarter. Arizona State Retirement System now owns 21,164 shares of the construction company’s stock valued at $925,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank boosted its holdings in Simpson Manufacturing by 2.0% in the second quarter. Amalgamated Bank now owns 5,591 shares of the construction company’s stock valued at $244,000 after purchasing an additional 112 shares during the last quarter. Finally, Wrapmanager Inc. boosted its holdings in Simpson Manufacturing by 3.5% in the second quarter. Wrapmanager Inc. now owns 5,310 shares of the construction company’s stock valued at $232,000 after purchasing an additional 181 shares during the last quarter. 84.57% of the stock is owned by institutional investors.

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Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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Earnings History and Estimates for Simpson Manufacturing (NYSE:SSD)

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