Simpson Manufacturing (NYSE:SSD) PT Raised to $218.00

Simpson Manufacturing (NYSE:SSD) had its target price raised by analysts at Robert W. Baird from $202.00 to $218.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target suggests a potential upside of 23.88% from the stock’s previous close.

Simpson Manufacturing Stock Down 5.5 %

SSD opened at $175.98 on Monday. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. The company has a market cap of $7.42 billion, a PE ratio of 22.05 and a beta of 1.32. Simpson Manufacturing has a 12 month low of $123.93 and a 12 month high of $218.38. The company has a 50 day moving average of $184.26 and a 200 day moving average of $178.16.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same period last year, the firm posted $2.43 EPS. The company’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Simpson Manufacturing will post 8.1 EPS for the current year.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,571 shares of company stock valued at $2,348,027. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of Simpson Manufacturing by 76.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock worth $686,000 after acquiring an additional 1,447 shares during the period. Hancock Whitney Corp purchased a new stake in Simpson Manufacturing in the 1st quarter worth $1,712,000. Vanguard Group Inc. grew its position in shares of Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Simpson Manufacturing by 13.0% in the first quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company’s stock worth $9,527,000 after buying an additional 5,339 shares in the last quarter. Finally, BOKF NA grew its holdings in Simpson Manufacturing by 77.1% during the 1st quarter. BOKF NA now owns 1,725 shares of the construction company’s stock valued at $347,000 after buying an additional 751 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

About Simpson Manufacturing

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.