Share on StockTwits

Shares of Simpson Manufacturing Co (NYSE:SSD) hit a new 52-week low on Thursday , AR Network reports. The stock traded as low as $30.25 and last traded at $30.41, with a volume of 74,655 shares changing hands. The stock had previously closed at $31.08.

Separately, analysts at Zacks downgraded shares of Simpson Manufacturing Co from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $40.30 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $39.58.

The stock has a 50-day moving average of $34.69 and a 200-day moving average of $34.06. The company has a market cap of $1.490 billion and a price-to-earnings ratio of 25.27.

Simpson Manufacturing Co (NYSE:SSD) last announced its earnings results on Friday, July 25th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.03. The company had revenue of $207.90 million for the quarter, compared to the consensus estimate of $213.87 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Simpson Manufacturing Co will post $1.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 30th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.