Simpson Manufacturing Company, Inc. (SSD) To Go Ex-Dividend on January 7th

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, January 7th will be given a dividend of $0.30 per share by the construction company on Thursday, January 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, January 7th.

Simpson Manufacturing has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 11 years. Simpson Manufacturing has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Simpson Manufacturing to earn $9.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 12.2%.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded down $2.50 during trading on Friday, reaching $184.41. The stock had a trading volume of 489,274 shares, compared to its average volume of 302,865. The stock has a fifty day simple moving average of $177.93 and a two-hundred day simple moving average of $185.47. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.15. Simpson Manufacturing has a 52 week low of $156.32 and a 52 week high of $213.49. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 20.15 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The business had revenue of $671.08 million during the quarter, compared to the consensus estimate of $658.76 million. During the same period in the prior year, the firm earned $2.47 EPS. Simpson Manufacturing’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Simpson Manufacturing will post 9.30 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SSD has been the subject of a number of research analyst reports. UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Stifel Nicolaus raised their price target on Simpson Manufacturing from $217.00 to $218.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Stephens lifted their price objective on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Simpson Manufacturing in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Simpson Manufacturing has a consensus rating of “Hold” and an average price target of $216.25.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.