Simpson Manufacturing (NYSE:SSD – Get Free Report) had its goal value raised by analysts at Robert W. Baird from $202.00 to $218.00 in a analysis report issued to shoppers and traders on Monday, Benzinga experiences. The agency presently has an “outperform” score on the development firm’s inventory. Robert W. Baird’s value goal suggests a possible upside of 23.88% from the inventory’s earlier shut.
Simpson Manufacturing Inventory Down 5.5 %
SSD opened at $175.98 on Monday. The corporate has a present ratio of three.69, a fast ratio of two.21 and a debt-to-equity ratio of 0.25. The corporate has a market cap of $7.42 billion, a PE ratio of twenty-two.05 and a beta of 1.32. Simpson Manufacturing has a 12 month low of $123.93 and a 12 month excessive of $218.38. The corporate has a 50 day transferring common of $184.26 and a 200 day transferring common of $178.16.
Simpson Manufacturing (NYSE:SSD – Get Free Report) final launched its earnings outcomes on Monday, October twenty first. The development firm reported $2.21 earnings per share for the quarter, lacking analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a web margin of 15.03% and a return on fairness of 19.42%. The corporate had income of $587.15 million throughout the quarter, in comparison with the consensus estimate of $589.00 million. Throughout the identical interval final yr, the agency posted $2.43 EPS. The corporate’s income was up 1.2% on a year-over-year foundation. On common, sell-side analysts anticipate that Simpson Manufacturing will put up 8.1 EPS for the present yr.
Insider Shopping for and Promoting at Simpson Manufacturing
In different Simpson Manufacturing information, EVP Jennifer Lutz offered 1,000 shares of the enterprise’s inventory in a transaction on Friday, August ninth. The inventory was offered at a median value of $175.58, for a complete worth of $175,580.00. Following the sale, the chief vice chairman now instantly owns 4,033 shares of the corporate’s inventory, valued at roughly $708,114.14. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which could be accessed via this hyperlink. In different information, CEO Michael Olosky offered 6,871 shares of the enterprise’s inventory in a transaction that occurred on Monday, August twenty sixth. The shares had been offered at a median value of $187.41, for a complete transaction of $1,287,694.11. Following the completion of the transaction, the chief government officer now instantly owns 19,534 shares of the corporate’s inventory, valued at $3,660,866.94. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is obtainable at the SEC web site. Additionally, EVP Jennifer Lutz offered 1,000 shares of Simpson Manufacturing inventory in a transaction on Friday, August ninth. The inventory was offered at a median value of $175.58, for a complete worth of $175,580.00. Following the completion of the sale, the chief vice chairman now instantly owns 4,033 shares of the corporate’s inventory, valued at $708,114.14. The commerce was a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. During the last quarter, insiders offered 12,571 shares of firm inventory valued at $2,348,027. Company insiders personal 0.42% of the corporate’s inventory.
Institutional Inflows and Outflows
A number of institutional traders have lately made adjustments to their positions within the inventory. B. Riley Wealth Advisors Inc. boosted its stake in shares of Simpson Manufacturing by 76.3% within the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the development firm’s inventory price $686,000 after buying an extra 1,447 shares throughout the interval. Hancock Whitney Corp bought a brand new stake in Simpson Manufacturing within the 1st quarter price $1,712,000. Vanguard Group Inc. grew its place in shares of Simpson Manufacturing by 6.6% throughout the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the development firm’s inventory valued at $920,662,000 after buying an extra 278,283 shares within the final quarter. BNP Paribas Monetary Markets lifted its place in shares of Simpson Manufacturing by 13.0% within the first quarter. BNP Paribas Monetary Markets now owns 46,431 shares of the development firm’s inventory price $9,527,000 after shopping for an extra 5,339 shares within the final quarter. Lastly, BOKF NA grew its holdings in Simpson Manufacturing by 77.1% throughout the 1st quarter. BOKF NA now owns 1,725 shares of the development firm’s inventory valued at $347,000 after shopping for an extra 751 shares within the final quarter. Institutional traders personal 93.68% of the corporate’s inventory.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, via its subsidiaries, designs, engineers, manufactures, and sells structural options for wooden, concrete, and metal connections. The corporate presents wooden development merchandise, together with connectors, truss plates, fastening programs, fasteners and shearwalls, and pre-fabricated lateral programs to be used in light-frame development; and concrete development merchandise comprising adhesives, specialty chemical compounds, mechanical anchors, carbide drill bits, powder actuated instruments, fiber-reinforced supplies, and different restore merchandise to be used in concrete, masonry, and metal development, in addition to grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer programs, and asphalt merchandise to be used in concrete development restore, and strengthening and safety merchandise.
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