Simpson Manufacturing (SSD) Set to Announce Earnings on Monday

Simpson Manufacturing (NYSE:SSD) is set to announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $1.84 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The company had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. During the same period last year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect Simpson Manufacturing to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Simpson Manufacturing Trading Up 1.3 %

NYSE:SSD opened at $184.37 on Friday. The firm’s fifty day moving average is $197.56 and its 200-day moving average is $178.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63. Simpson Manufacturing has a 52 week low of $111.29 and a 52 week high of $218.38. The firm has a market cap of $7.83 billion, a P/E ratio of 22.32 and a beta of 1.30.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SSD shares. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Robert W. Baird increased their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday.

Insider Activity 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 Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the transaction, the executive vice president now owns 27,330 shares in the company, valued at approximately $5,033,092.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $184.16, for a total value of $156,536.00. Following the transaction, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of the stock in a transaction 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 in the company, valued at $854,861.16. The disclosure for this sale can be found here. Insiders have sold a total of 4,634 shares of company stock worth $927,460 in the last 90 days. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On Simpson Manufacturing

A number of hedge funds have recently added to or reduced their stakes in SSD. Kayne Anderson Rudnick Investment Management LLC lifted its position in Simpson Manufacturing by 2.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,619,073 shares of the construction company’s stock valued at $506,435,000 after acquiring an additional 118,070 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Simpson Manufacturing by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,208,812 shares of the construction company’s stock valued at $833,261,000 after purchasing an additional 49,142 shares during the period. Capital International Investors grew its position in shares of Simpson Manufacturing by 9.5% in the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock valued at $227,186,000 after purchasing an additional 180,856 shares during the period. JPMorgan Chase & Co. boosted its position in Simpson Manufacturing by 3.3% during the first quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company’s stock worth $203,647,000 after acquiring an additional 59,800 shares during the last quarter. Finally, State Street Corp boosted its position in Simpson Manufacturing by 0.8% during the second quarter. State Street Corp now owns 1,409,122 shares of the construction company’s stock worth $195,163,000 after acquiring an additional 11,773 shares during the last quarter. 93.68% of the stock is currently 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.