Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) have been given an average broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Simpson Manufacturing’s rating score has declined by 133% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a twelve-month consensus price objective of $63.33 for the company and are predicting that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also assigned Simpson Manufacturing an industry rank of 107 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently weighed in on SSD shares. Robert W. Baird reissued a “buy” rating and issued a $64.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Sidoti started coverage on Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 price target on the stock.

In other news, major shareholder Sharon H. Simpson sold 45,541 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $59.08, for a total value of $2,690,562.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 122,841 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $58.90, for a total value of $7,235,334.90. The disclosure for this sale can be found here. In the last three months, insiders sold 750,783 shares of company stock worth $44,234,197. 0.36% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Simpson Manufacturing by 3.4% in the 4th quarter. BlackRock Inc. now owns 5,640,565 shares of the construction company’s stock valued at $323,825,000 after buying an additional 184,669 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Simpson Manufacturing by 16.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,941,044 shares of the construction company’s stock valued at $95,189,000 after buying an additional 277,496 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Simpson Manufacturing by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,778,840 shares of the construction company’s stock valued at $87,234,000 after buying an additional 28,126 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Simpson Manufacturing by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,428,396 shares of the construction company’s stock valued at $82,005,000 after buying an additional 120,489 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Simpson Manufacturing by 13.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,359,480 shares of the construction company’s stock valued at $78,048,000 after buying an additional 155,960 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

Simpson Manufacturing (NYSE:SSD) opened at $55.83 on Thursday. Simpson Manufacturing has a 1-year low of $39.82 and a 1-year high of $61.62. The stock has a market capitalization of $2,641.54, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 4.18 and a beta of 1.54.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 5th. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.10). Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The firm had revenue of $231.68 million for the quarter, compared to analyst estimates of $224.47 million. During the same period in the prior year, the company posted $0.37 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. equities research analysts predict that Simpson Manufacturing will post 2.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 43.52%.

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About Simpson Manufacturing

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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