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

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.29 per share by the construction company on Thursday, January 22nd. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 2nd.

Simpson Manufacturing has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 11 years. Simpson Manufacturing has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.7%

SSD opened at $165.02 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.88. Simpson Manufacturing has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The company’s 50 day moving average price is $168.65 and its two-hundred day moving average price is $172.61. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 20.10 and a beta of 1.36.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.21. The company had revenue of $623.51 million for the quarter, compared to analyst estimates of $607.79 million. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. Simpson Manufacturing’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. As a group, research analysts predict that Simpson Manufacturing will post 8.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Philip E. Donaldson sold 2,375 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director owned 6,086 shares in the company, valued at approximately $1,023,421.76. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Simpson Manufacturing

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after buying an additional 92 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $31,000. Brown Brothers Harriman & Co. bought a new stake in Simpson Manufacturing during the third quarter worth $34,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock worth $49,000 after buying an additional 144 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

About Simpson Manufacturing

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.