Simpson Manufacturing Company, Inc. (SSD) To Go Ex-Dividend on April 2nd

Simpson Manufacturing Company, Inc. (NYSE:SSD) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.29 per share by the construction company on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

Simpson Manufacturing has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Simpson Manufacturing has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Simpson Manufacturing to earn $9.05 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 12.8%.

Simpson Manufacturing Stock Down 0.7%

Shares of NYSE SSD opened at $167.26 on Tuesday. Simpson Manufacturing has a 12-month low of $137.35 and a 12-month high of $211.98. The firm’s 50-day simple moving average is $186.80 and its 200 day simple moving average is $176.85. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 20.27 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 9th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The firm had revenue of $539.35 million during the quarter, compared to analysts’ expectations of $530.70 million. During the same quarter last year, the company posted $1.31 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Simpson Manufacturing will post 8.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on SSD shares. Stephens set a $200.00 price target on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Robert W. Baird set a $222.00 price objective on Simpson Manufacturing in a research report on Tuesday, February 10th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. DA Davidson boosted their target price on Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Simpson Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $207.33.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.