Simpson Manufacturing (NYSE:SSD) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Simpson Manufacturing Company, Inc. (NYSE:SSD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $178.55 and traded as high as $204.51. Simpson Manufacturing shares last traded at $200.0930, with a volume of 151,024 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SSD shares. Stephens set a $200.00 price target on shares of Simpson Manufacturing in a research report on Tuesday, February 10th. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 12th. Robert W. Baird set a $222.00 target price on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Finally, DA Davidson boosted their price target on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $207.33.

Simpson Manufacturing Trading Down 0.1%

The company has a market cap of $8.30 billion, a price-to-earnings ratio of 24.25 and a beta of 1.37. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $181.54 and its two-hundred day simple moving average is $178.55.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, February 9th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The business had revenue of $539.35 million for the quarter, compared to analysts’ expectations of $530.70 million. Simpson Manufacturing had a return on equity of 17.63% and a net margin of 14.79%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. On average, equities analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be given a $0.29 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is 14.06%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, Director Philip E. Donaldson sold 2,375 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director directly owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On Simpson Manufacturing

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after buying an additional 92 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Simpson Manufacturing in the 4th quarter valued at approximately $28,000. Los Angeles Capital Management LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $32,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.