Simpson Manufacturing PT Raised to $38.00 at DA Davidson (SSD)
Stock analysts at DA Davidson lifted their price objective on shares of Simpson Manufacturing (NYSE:SSD) from $35.00 to $38.00 in a report issued on Monday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target would indicate a potential upside of 4.08% from the company’s current price.
Shares of Simpson Manufacturing (NYSE:SSD) traded up 1.93% on Monday, hitting $36.51. The stock had a trading volume of 257,001 shares. Simpson Manufacturing has a 52-week low of $27.49 and a 52-week high of $34.33. The stock’s 50-day moving average is $31.98 and its 200-day moving average is $30.35. The company has a market cap of $1.766 billion and a price-to-earnings ratio of 35.29.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.08. The company had revenue of $195.90 million for the quarter, compared to the consensus estimate of $188.70 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that Simpson Manufacturing will post $0.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, December 30th.
A number of other analysts have also recently weighed in on SSD. Analysts at Zacks upgraded shares of Simpson Manufacturing from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $34.80 price target on the stock. Separately, analysts at FBR & Co. initiated coverage on shares of Simpson Manufacturing in a research note to investors on Friday, September 27th. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Simpson Manufacturing in a research note to investors on Friday, September 27th. They set a “market perform” rating and a $36.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $36.27.
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (NYSE:SSD), designs, engineers and is a manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls, and concrete construction products used for concrete, masonry and steel, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforcing materials.
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