Simpson Manufacturing (NYSE:SSD) Upgraded at StockNews.com

Simpson Manufacturing (NYSE:SSD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, Robert W. Baird lifted their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

Simpson Manufacturing Stock Up 0.2 %

NYSE SSD traded up $0.33 during mid-day trading on Wednesday, reaching $169.56. 664,415 shares of the company’s stock traded hands, compared to its average volume of 250,166. Simpson Manufacturing has a 1-year low of $117.08 and a 1-year high of $218.38. The company has a fifty day simple moving average of $196.61 and a 200-day simple moving average of $178.86. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 21.25 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.77%. The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the business earned $2.05 EPS. Simpson Manufacturing’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Simpson Manufacturing will post 8.74 EPS for the current year.

Insider Activity at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now owns 4,044 shares in the company, valued at approximately $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares in the company, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock worth $770,924 in the last 90 days. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of Simpson Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new stake in Simpson Manufacturing during the 4th quarter valued at $29,000. Rise Advisors LLC bought a new stake in Simpson Manufacturing during the 1st quarter valued at $37,000. Headlands Technologies LLC bought a new stake in Simpson Manufacturing during the 4th quarter valued at $37,000. GAMMA Investing LLC bought a new stake in Simpson Manufacturing during the 4th quarter valued at $35,000. Finally, Arlington Trust Co LLC bought a new stake in Simpson Manufacturing during the 3rd quarter valued at $31,000. 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.