Simpson Manufacturing Co., Inc. (SSD) To Go Ex-Dividend on January 2nd

Simpson Manufacturing Co., Inc. (NYSE:SSD) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Thursday, January 2nd will be given a dividend of 0.28 per share by the construction company on Thursday, January 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd.

Simpson Manufacturing has raised its dividend payment by an average of 15.4% per year over the last three years. Simpson Manufacturing has a payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Simpson Manufacturing to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 12.3%.

Simpson Manufacturing Stock Performance

SSD opened at $181.43 on Friday. Simpson Manufacturing has a 12-month low of $126.83 and a 12-month high of $218.38. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 22.74 and a beta of 1.32. The business has a 50 day moving average of $184.53 and a 200-day moving average of $177.97. The company has a quick ratio of 2.21, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD) last announced 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 return on equity of 18.29% and a net margin of 14.51%. The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same quarter last year, the business posted $2.43 EPS. Simpson Manufacturing’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Simpson Manufacturing will post 7.55 earnings per share for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird raised their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Insiders Place Their Bets

In other news, 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 transaction, the executive vice president now owns 4,033 shares in the company, valued at approximately $708,114.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were 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 in the company, valued at approximately $708,114.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the transaction, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,571 shares of company stock worth $2,348,027 in the last 90 days. Company insiders own 0.42% 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.