Simpson Manufacturing (NYSE:SSD) PT Raised to $218.00 at Robert W. Baird

Simpson Manufacturing (NYSE:SSD) had its price target increased by equities research analysts at Robert W. Baird from $202.00 to $218.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price target would indicate a potential upside of 23.88% from the company’s previous close.

Simpson Manufacturing Stock Down 5.5 %

SSD stock opened at $175.98 on Monday. The firm has a market capitalization of $7.42 billion, a P/E ratio of 22.05 and a beta of 1.32. The company’s 50 day simple moving average is $184.26 and its 200-day simple moving average is $178.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. Simpson Manufacturing has a 52-week low of $123.93 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same period in the prior year, the business posted $2.43 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Simpson Manufacturing will post 8.1 EPS for the current year.

Insider Activity at Simpson Manufacturing

In related news, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares of the company’s stock, valued at $708,114.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director James S. Andrasick sold 500 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now owns 866 shares in the company, valued at $154,797.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares in the company, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of Simpson Manufacturing

A number of institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. increased its position in Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after acquiring an additional 187 shares during the period. CWM LLC lifted its holdings in shares of Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after purchasing an additional 108 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.