Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) have received an average broker rating score of 2.33 (Buy) from the three brokers 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% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a twelve-month consensus target price of $63.33 for the company and are forecasting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Simpson Manufacturing an industry rank of 103 out of 265 based on the ratings given to related companies.

Several equities analysts have commented on SSD shares. Sidoti started coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 price target for the company. DA Davidson upgraded shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $64.00 target price on shares of Simpson Manufacturing in a research note on Tuesday, January 9th.

In related news, major shareholder Sharon H. Simpson sold 54,992 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $52.83, for a total transaction of $2,905,227.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Sharon H. Simpson sold 10,716 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $59.24, for a total transaction of $634,815.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 639,509 shares of company stock valued at $37,257,435. Insiders own 0.36% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Simpson Manufacturing by 0.8% during the second quarter. BlackRock Inc. now owns 5,256,026 shares of the construction company’s stock worth $229,740,000 after purchasing an additional 43,753 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Simpson Manufacturing by 16.7% during the third quarter. Janus Henderson Group PLC now owns 1,941,044 shares of the construction company’s stock worth $95,189,000 after purchasing an additional 277,496 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Simpson Manufacturing by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,778,840 shares of the construction company’s stock worth $87,234,000 after purchasing an additional 28,126 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in Simpson Manufacturing by 13.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,359,480 shares of the construction company’s stock valued at $78,048,000 after acquiring an additional 155,960 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Simpson Manufacturing by 8.8% in the third quarter. Bank of New York Mellon Corp now owns 1,307,907 shares of the construction company’s stock valued at $64,141,000 after acquiring an additional 105,480 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Simpson Manufacturing (NYSE:SSD) opened at $60.27 on Friday. The company has a market cap of $2,840.00, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 4.77 and a beta of 1.53. Simpson Manufacturing has a 12 month low of $39.82 and a 12 month high of $61.62.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 30th. The construction company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). The business had revenue of $262.48 million during the quarter, compared to analyst estimates of $263.45 million. Simpson Manufacturing had a return on equity of 9.92% and a net margin of 10.25%. research analysts forecast that Simpson Manufacturing will post 1.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.39%. Simpson Manufacturing’s payout ratio is currently 41.38%.

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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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