Simpson Manufacturing Company, Inc. (NYSE:SSD) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, Zacks Investment Research downgraded Simpson Manufacturing Company from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd.

Shares of Simpson Manufacturing Company (NYSE:SSD) traded down 0.55% on Monday, hitting $43.47. The stock had a trading volume of 139,764 shares. The company’s 50 day moving average price is $41.51 and its 200-day moving average price is $43.10. Simpson Manufacturing Company has a 12 month low of $37.06 and a 12 month high of $48.41. The company has a market cap of $2.07 billion, a P/E ratio of 21.72 and a beta of 1.42.

Simpson Manufacturing Company (NYSE:SSD) last posted its quarterly earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $219.87 million for the quarter, compared to analysts’ expectations of $210.66 million. Simpson Manufacturing Company had a net margin of 10.95% and a return on equity of 10.08%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, analysts expect that Simpson Manufacturing Company will post $2.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, July 3rd. This is an increase from Simpson Manufacturing Company’s previous quarterly dividend of $0.18. Simpson Manufacturing Company’s payout ratio is presently 36.00%.

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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Simpson Manufacturing Company by 155,956.1% in the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock valued at $224,596,000 after buying an additional 5,208,933 shares during the last quarter. Wells Fargo & Company MN increased its stake in Simpson Manufacturing Company by 46.1% in the first quarter. Wells Fargo & Company MN now owns 1,470,632 shares of the construction company’s stock valued at $63,369,000 after buying an additional 464,356 shares during the last quarter. Norges Bank purchased a new stake in Simpson Manufacturing Company during the fourth quarter valued at $18,946,000. Bank of New York Mellon Corp increased its stake in Simpson Manufacturing Company by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 1,057,804 shares of the construction company’s stock valued at $45,580,000 after buying an additional 177,602 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Simpson Manufacturing Company by 111.4% in the first quarter. JPMorgan Chase & Co. now owns 336,836 shares of the construction company’s stock valued at $14,514,000 after buying an additional 177,527 shares during the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

About Simpson Manufacturing Company

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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