Simpson Manufacturing Co Hits New 52-Week Low at $30.25 (SSD)
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.
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