Equities researchers at StockNews.com assumed protection on shares of Simpson Manufacturing (NYSE:SSD – Get Free Report) in a analysis word issued on Thursday. The agency set a “purchase” ranking on the development firm’s inventory.
Different analysts additionally just lately issued analysis stories in regards to the firm. DA Davidson lifted their goal worth on Simpson Manufacturing from $135.00 to $175.00 and gave the corporate a “impartial” ranking in a analysis word on Tuesday, July twenty fifth. Robert W. Baird raised their worth goal on Simpson Manufacturing from $176.00 to $190.00 in a report on Tuesday, July twenty fifth.
Learn Our Newest Inventory Report on SSD
Simpson Manufacturing Inventory Down 0.4 %
SSD inventory opened at $146.03 on Thursday. The inventory has a market cap of $6.23 billion, a PE ratio of 18.35 and a beta of 1.24. The agency’s 50-day easy shifting common is $154.06 and its 200 day easy shifting common is $135.40. Simpson Manufacturing has a fifty-two week low of $75.25 and a fifty-two week excessive of $166.02. The corporate has a fast ratio of two.14, a present ratio of three.46 and a debt-to-equity ratio of 0.34.
Simpson Manufacturing (NYSE:SSD – Get Free Report) final posted its earnings outcomes on Monday, July twenty fourth. The development firm reported $2.50 EPS for the quarter, topping the consensus estimate of $2.13 by $0.37. The agency had income of $597.60 million in the course of the quarter, in comparison with analysts’ expectations of $553.23 million. Simpson Manufacturing had a internet margin of 15.78% and a return on fairness of 23.43%. Simpson Manufacturing’s quarterly income was up .7% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency earned $2.16 EPS. As a bunch, sell-side analysts predict that Simpson Manufacturing will put up 8.22 EPS for the present yr.
Insider Shopping for and Promoting
In different Simpson Manufacturing information, Director Philip E. Donaldson bought 675 shares of the inventory in a transaction on Friday, July twenty eighth. The inventory was bought at a mean worth of $157.94, for a complete transaction of $106,609.50. Following the completion of the transaction, the director now instantly owns 6,549 shares of the corporate’s inventory, valued at roughly $1,034,349.06. The sale was disclosed in a submitting with the SEC, which is accessible by means of the SEC web site. In different information, Director Philip E. Donaldson bought 675 shares of the corporate’s inventory in a transaction on Friday, July twenty eighth. The inventory was bought at a mean worth of $157.94, for a complete worth of $106,609.50. Following the completion of the sale, the director now owns 6,549 shares within the firm, valued at $1,034,349.06. The sale was disclosed in a authorized submitting with the SEC, which is accessible at this hyperlink. Additionally, EVP Roger Dankel bought 2,500 shares of the agency’s inventory in a transaction dated Friday, August 4th. The shares have been bought at a mean worth of $155.00, for a complete worth of $387,500.00. Following the transaction, the manager vice chairman now instantly owns 32,202 shares of the corporate’s inventory, valued at roughly $4,991,310. The disclosure for this sale might be discovered right here. Insiders have bought a complete of 4,215 shares of firm inventory valued at $656,495 over the past quarter. Company insiders personal 0.65% of the corporate’s inventory.
Institutional Buying and selling of Simpson Manufacturing
Hedge funds and different institutional traders have just lately made adjustments to their positions within the enterprise. 1832 Asset Administration L.P. acquired a brand new place in Simpson Manufacturing within the first quarter value roughly $27,000. Signaturefd LLC grew its holdings in shares of Simpson Manufacturing by 276.4% within the 1st quarter. Signaturefd LLC now owns 271 shares of the development firm’s inventory value $30,000 after buying a further 199 shares over the past quarter. Quantbot Applied sciences LP acquired a brand new stake in shares of Simpson Manufacturing in the course of the first quarter value $30,000. Quadrant Capital Group LLC lifted its holdings in shares of Simpson Manufacturing by 55.1% in the course of the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the development firm’s inventory valued at $32,000 after buying a further 130 shares over the past quarter. Lastly, Worldwide Belongings Funding Administration LLC acquired a brand new place in shares of Simpson Manufacturing within the 1st quarter valued at $35,000. 89.45% of the inventory is at the moment owned by institutional traders.
About Simpson Manufacturing
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Simpson Manufacturing Co, Inc, by means of its subsidiaries, designs, engineers, manufactures, and sells wooden and concrete development merchandise. The corporate provides wooden development merchandise, together with connectors, truss plates, fastening techniques, fasteners and shearwalls, and pre-fabricated lateral techniques to be used in light-frame development; and concrete development merchandise comprising adhesives, specialty chemical substances, 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 techniques, and asphalt merchandise to be used in concrete development restore, and strengthening and safety merchandise.
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This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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