StockNews.com upgraded shares of Simpson Manufacturing (NYSE:SSD – Free Report) from a hold rating to a buy rating in a research report released on Wednesday.
Separately, Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an outperform rating in a research note on Thursday, April 18th.
Get Our Latest Stock Analysis on Simpson Manufacturing
Simpson Manufacturing Stock Up 1.6 %
Simpson Manufacturing (NYSE:SSD – Get Free Report) last issued its earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. On average, analysts forecast that Simpson Manufacturing will post 8.44 earnings per share for the current fiscal year.
Insider Buying and Selling at Simpson Manufacturing
In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the company’s 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 owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the company’s 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 owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock valued at $770,924 in the last 90 days. Insiders own 0.42% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in shares of Simpson Manufacturing in the 4th quarter worth approximately $29,000. Arlington Trust Co LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter worth approximately $31,000. GAMMA Investing LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $35,000. Headlands Technologies LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $37,000. Finally, Rise Advisors LLC purchased a new stake in shares of Simpson Manufacturing in the 1st quarter worth approximately $37,000. Institutional investors 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.
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