SSD Stock Forecast, Price & News (Simpson Manufacturing)

2022-08-26 17:52:06 By : Mr. Da Jen Lee

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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

Simpson Manufacturing has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

According to analysts' consensus price target of $146.33, Simpson Manufacturing has a forecasted upside of 51.2% from its current price of $96.80.

Simpson Manufacturing has received no research coverage in the past 90 days.

Simpson Manufacturing pays a meaningful dividend of 1.05%, higher than the bottom 25% of all stocks that pay dividends.

Simpson Manufacturing has only been increasing its dividend for 2 years.

The dividend payout ratio of Simpson Manufacturing is 13.59%. This payout ratio is at a healthy, sustainable level, below 75%.

Based on earnings estimates, Simpson Manufacturing will have a dividend payout ratio of 15.48% next year. This indicates that Simpson Manufacturing will be able to sustain or increase its dividend.

In the past three months, Simpson Manufacturing insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,493,425.00 in company stock.

Only 0.60% of the stock of Simpson Manufacturing is held by insiders.

91.44% of the stock of Simpson Manufacturing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings for Simpson Manufacturing are expected to decrease by -8.57% in the coming year, from $7.35 to $6.72 per share.

The P/E ratio of Simpson Manufacturing is 12.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.98.

The P/E ratio of Simpson Manufacturing is 12.65, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 13.19.

Simpson Manufacturing has a P/B Ratio of 3.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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. It also provides connectors and lateral products for wood framing, timber and offsite construction, structural steel construction, and cold-formed steel applications; and mechanical and adhesive anchors for concrete and masonry construction applications. In addition, the company offers engineering and design services, as well as software solutions that facilitate the specification, selection, and use of its products. It markets its products to the residential construction, light industrial and commercial construction, remodeling, and do-it-yourself markets in the United States, Canada, France, the United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, the Netherlands, Belgium, Spain, Sweden, Norway, Australia, New Zealand, China, Taiwan, and Vietnam. The company was founded in 1956 and is headquartered in Pleasanton, California.

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3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simpson Manufacturing in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SSD shares. View SSD analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1 year price targets for Simpson Manufacturing's stock. Their SSD share price forecasts range from $142.00 to $152.00. On average, they anticipate the company's share price to reach $146.33 in the next twelve months. This suggests a possible upside of 50.1% from the stock's current price. View analysts price targets for SSD or view top-rated stocks among Wall Street analysts.

Simpson Manufacturing's stock was trading at $139.07 on January 1st, 2022. Since then, SSD shares have decreased by 29.9% and is now trading at $97.49. View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022. View our SSD earnings forecast.

Simpson Manufacturing Co., Inc. (NYSE:SSD) posted its earnings results on Monday, July, 25th. The construction company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.15. The construction company had revenue of $593.23 million for the quarter, compared to analysts' expectations of $579.84 million. Simpson Manufacturing had a net margin of 17.44% and a trailing twelve-month return on equity of 27.51%. The company's revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS.

Simpson Manufacturing declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Thursday, October 6th will be given a dividend of $0.26 per share on Thursday, October 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, October 5th. Read our dividend analysis for SSD.

Simpson Manufacturing (NYSE:SSD) pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.05%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SSD will have a dividend payout ratio of 15.48% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SSD.

57 employees have rated Simpson Manufacturing Chief Executive Officer Karen W. Colonias on Glassdoor.com. Karen W. Colonias has an approval rating of 62% among the company's employees. This puts Karen W. Colonias in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Simpson Manufacturing investors own include Intel (INTC), Walt Disney (DIS), Wells Fargo & Company (WFC), Bank of America (BAC), CVS Health (CVS), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T), Verizon Communications (VZ) and Whirlpool (WHR).

Simpson Manufacturing trades on the New York Stock Exchange (NYSE) under the ticker symbol "SSD."

Simpson Manufacturing's stock is owned by many different institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (8.38%), JPMorgan Chase & Co. (3.99%), Conestoga Capital Advisors LLC (3.18%), State Street Corp (3.10%), Northern Trust Corp (1.46%) and Allspring Global Investments Holdings LLC (1.45%). Insiders that own company stock include Brian J Magstadt, Brian J Magstadt, Greenway Robin Macgillivray, James S Andrasick, Jennifer Chatman, Karen Winifred Colonias, Kevin Lee Swartzendruber, Michael A Bless, Michael Olosky, Ricardo M Arevalo and Roger Dankel. View institutional ownership trends.

Shares of SSD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

One share of SSD stock can currently be purchased for approximately $97.49.

Simpson Manufacturing (NYSE:SSD) has a market capitalization of $4.21 billion and generates $1.57 billion in revenue each year. The construction company earns $266.45 million in net income (profit) each year or $7.65 on an earnings per share basis.

The company employs 3,971 workers across the globe.

Simpson Manufacturing was founded in 1956.

Simpson Manufacturing's mailing address is 5956 W. Las Positas Blvd, Pleasanton CA, 94588. The official website for the company is www.simpsonmfg.com. The construction company can be reached via phone at (925) 560-9000, via email at investor.relations@strongtie.com, or via fax at 925-847-1597.

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