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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. DA Davidson lowered their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday. Robert W. Baird lowered their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

Simpson Manufacturing Price Performance

The firm has a fifty day moving average price of $165.65 and a two-hundred day moving average price of $176.46. The stock has a market capitalization 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 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Simpson Manufacturing

A number of institutional investors have recently bought and sold shares of SSD. GAMMA Investing LLC increased its stake in Simpson Manufacturing by 16.8% in the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock worth $74,000 after buying an additional 64 shares in the last quarter. CIBC Asset Management Inc increased its stake in Simpson Manufacturing by 5.2% in the 4th 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. CIBC Private Wealth Group LLC increased its stake in Simpson Manufacturing by 2.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company’s stock worth $447,000 after buying an additional 70 shares in the last quarter. Pacer Advisors Inc. increased its stake in Simpson Manufacturing by 1.4% in the 4th 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. Finally, V Square Quantitative Management LLC increased its stake in Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after buying an additional 95 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

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.