Simpson Manufacturing (NYSE:SSD) Issues Earnings Results

Simpson Manufacturing (NYSE:SSD) announced its quarterly earnings data on Monday. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The business had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. During the same period in the prior year, the firm posted $2.05 EPS. Simpson Manufacturing’s revenue for the quarter was down .7% compared to the same quarter last year.

Simpson Manufacturing Price Performance

SSD stock opened at $185.14 on Tuesday. The firm has a 50 day moving average of $197.37 and a 200-day moving average of $178.73. Simpson Manufacturing has a 12-month low of $112.38 and a 12-month high of $218.38. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 22.41 and a beta of 1.30.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Insider Activity

In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. In the last three months, insiders sold 3,784 shares of company stock worth $770,924. Company insiders own 0.42% 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.