Simpson Manufacturing (NYSE:SSD) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Simpson Manufacturing Company, Inc. (NYSE:SSD) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $179.58 and traded as high as $191.19. Simpson Manufacturing shares last traded at $186.6250, with a volume of 253,565 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson increased their price target on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Stifel Nicolaus increased their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Stephens increased their price target on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird increased their price target on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.75.

Simpson Manufacturing Trading Down 0.8%

The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 21.88 and a beta of 1.32. The company has a fifty day moving average of $181.34 and a 200-day moving average of $179.58.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.29. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The company had revenue of $587.96 million for the quarter, compared to analysts’ expectations of $550.08 million. During the same period in the previous year, the firm posted $1.85 EPS. Simpson Manufacturing’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. Simpson Manufacturing’s payout ratio is presently 13.60%.

Institutional Investors Weigh In On Simpson Manufacturing

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Simpson Manufacturing by 135.3% in the 2nd 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 lifted its stake in Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after purchasing an additional 129 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $28,000. Los Angeles Capital Management LLC purchased a new stake 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 in the third quarter valued at approximately $34,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Company Profile

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.