Simpson Manufacturing (NYSE:SSD) Hits New 52-Week Low – Time to Sell?

Simpson Manufacturing Co., Inc. (NYSE:SSD) reached a new 52-week low on Thursday . The company traded as low as $154.47 and last traded at $154.91, with a volume of 29219 shares changing hands. The stock had previously closed at $157.17.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. DA Davidson lowered their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday.

Simpson Manufacturing Price Performance

The business has a 50-day simple moving average of $165.65 and a 200 day simple moving average of $176.46. The firm has a market cap of $6.67 billion, a P/E ratio of 20.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Trading of Simpson Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in SSD. Janney Montgomery Scott LLC grew its stake in shares of Simpson Manufacturing by 27.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,100 shares of the construction company’s stock worth $975,000 after buying an additional 1,088 shares during the last quarter. Atria Investments Inc lifted its position in Simpson Manufacturing by 8.1% in the 3rd quarter. Atria Investments Inc now owns 14,084 shares of the construction company’s stock valued at $2,694,000 after acquiring an additional 1,051 shares in the last quarter. GSA Capital Partners LLP bought a new position in Simpson Manufacturing in the 3rd quarter valued at approximately $396,000. Victory Capital Management Inc. lifted its position in Simpson Manufacturing by 54.8% in the 3rd quarter. Victory Capital Management Inc. now owns 148,820 shares of the construction company’s stock valued at $28,465,000 after acquiring an additional 52,677 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Simpson Manufacturing by 26.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,300 shares of the construction company’s stock valued at $1,396,000 after acquiring an additional 1,531 shares in the last quarter. Hedge funds and other 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.