News headlines about Simpson Manufacturing (NYSE:SSD) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Simpson Manufacturing earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.666998743234 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Simpson Manufacturing (NYSE:SSD) opened at $57.60 on Friday. Simpson Manufacturing has a 12-month low of $39.82 and a 12-month high of $61.62. The stock has a market capitalization of $2,718.17, a PE ratio of 29.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55.
Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The business had revenue of $231.68 million during the quarter, compared to the consensus estimate of $224.47 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue was up 15.7% on a year-over-year basis. equities analysts expect that Simpson Manufacturing will post 2.67 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, February 9th. Sidoti assumed coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 target price on the stock. Robert W. Baird reiterated a “buy” rating and issued a $64.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Finally, DA Davidson upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.75.
In other news, insider Roger Dankel sold 1,300 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $59.01, for a total transaction of $76,713.00. Following the sale, the insider now directly owns 60 shares in the company, valued at $3,540.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 13,149 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $60.38, for a total value of $793,936.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 750,783 shares of company stock worth $44,234,197. Company insiders own 0.36% of the company’s stock.
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Simpson Manufacturing Company Profile
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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