Robert W. Baird reiterated their buy rating on shares of Simpson Manufacturing (NYSE:SSD) in a research note released on Tuesday. The brokerage currently has a $64.00 target price on the construction company’s stock.

A number of other equities analysts also recently issued reports on SSD. Sidoti assumed coverage on Simpson Manufacturing in a report on Wednesday, January 3rd. They issued a neutral rating and a $66.00 price target for the company. DA Davidson downgraded Simpson Manufacturing from a buy rating to a neutral rating and set a $60.00 price target for the company. in a report on Thursday, December 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $60.00.

Shares of Simpson Manufacturing (NYSE SSD) traded down $0.09 on Tuesday, reaching $57.78. The company had a trading volume of 241,664 shares, compared to its average volume of 216,455. The firm has a market capitalization of $2,730.00, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 4.63 and a beta of 1.53. Simpson Manufacturing has a 52-week low of $39.82 and a 52-week high of $61.62.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is currently 41.38%.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 32,079 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $49.12, for a total value of $1,575,720.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Roger Dankel sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $59.01, for a total value of $76,713.00. Following the completion of the sale, the insider now owns 60 shares of the company’s stock, valued at approximately $3,540.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 867,321 shares of company stock valued at $45,176,330. 0.36% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SSD. Macquarie Group Ltd. purchased a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $103,000. Riverhead Capital Management LLC raised its stake in shares of Simpson Manufacturing by 62.3% during the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock worth $114,000 after purchasing an additional 996 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Simpson Manufacturing during the second quarter worth approximately $148,000. Verity Asset Management Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter worth approximately $205,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $230,000. Institutional investors own 84.49% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/simpson-manufacturing-ssd-earns-buy-rating-from-robert-w-baird/1801987.html.

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.

Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.