Simpson Manufacturing Co, Inc. (NYSE:SSD)’s share price reached a new 52-week low on Friday . The company traded as low as $53.12 and last traded at $53.28, with a volume of 72733 shares trading hands. The stock had previously closed at $53.90.
A number of equities analysts recently weighed in on SSD shares. Robert W. Baird lowered Simpson Manufacturing from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $72.00 in a research report on Monday, October 15th. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, ValuEngine downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th.
The company has a market capitalization of $2.44 billion, a PE ratio of 19.36, a PEG ratio of 3.45 and a beta of 1.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 44.44%.
Institutional investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC lifted its stake in Simpson Manufacturing by 12.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,581,452 shares of the construction company’s stock worth $114,592,000 after acquiring an additional 170,285 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Simpson Manufacturing by 55.2% during the 2nd quarter. SG Americas Securities LLC now owns 16,937 shares of the construction company’s stock worth $1,053,000 after purchasing an additional 6,023 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Simpson Manufacturing by 10.8% during the 2nd quarter. California Public Employees Retirement System now owns 82,516 shares of the construction company’s stock worth $5,132,000 after purchasing an additional 8,018 shares in the last quarter. Lee Financial Group Hawaii Inc. raised its stake in shares of Simpson Manufacturing by 4.0% during the 3rd quarter. Lee Financial Group Hawaii Inc. now owns 35,224 shares of the construction company’s stock worth $2,552,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its stake in shares of Simpson Manufacturing by 68.2% during the 2nd quarter. Vident Investment Advisory LLC now owns 14,590 shares of the construction company’s stock worth $907,000 after purchasing an additional 5,914 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.
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About Simpson Manufacturing (NYSE:SSD)
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
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