Simpson Manufacturing Co., Inc. (SSD) to Issue Quarterly Dividend of $0.28 on April 24th

Simpson Manufacturing Co., Inc. (NYSE:SSD) announced a quarterly dividend on Friday, January 31st, RTT News reports. Stockholders of record on Thursday, April 3rd will be given a dividend of 0.28 per share by the construction company on Thursday, April 24th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, April 3rd.

Simpson Manufacturing has raised its dividend by an average of 4.2% per year over the last three years. Simpson Manufacturing has a payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. 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 $1.12 annual dividend with an expected future payout ratio of 12.4%.

Simpson Manufacturing Stock Down 0.1 %

NYSE:SSD opened at $157.20 on Tuesday. The business’s fifty day moving average price is $164.52 and its 200 day moving average price is $175.08. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 20.68 and a beta of 1.39. Simpson Manufacturing has a 1-year low of $152.74 and a 1-year high of $205.88.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, sell-side analysts forecast that Simpson Manufacturing will post 8.29 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SSD has been the subject of several recent analyst reports. DA Davidson decreased their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.