Robert W. Baird Issues Pessimistic Forecast for Simpson Manufacturing (NYSE:SSD) Stock Price

Simpson Manufacturing (NYSE:SSD) had its target price decreased by analysts at Robert W. Baird from $196.00 to $192.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective points to a potential upside of 15.02% from the company’s previous close.

Simpson Manufacturing Price Performance

NYSE SSD opened at $166.93 on Tuesday. The stock’s 50-day moving average price is $170.24 and its two-hundred day moving average price is $178.89. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.04 billion, a PE ratio of 22.05 and a beta of 1.35. Simpson Manufacturing has a 1 year low of $155.73 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Simpson Manufacturing will post 7.55 EPS for the current year.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Simpson Manufacturing

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Simpson Manufacturing by 16.8% in the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock worth $74,000 after buying an additional 64 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after buying an additional 64 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after buying an additional 88 shares in the last quarter. Inspire Investing LLC boosted its stake in Simpson Manufacturing by 4.0% during the third quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after buying an additional 94 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds 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.