Simpson Manufacturing Co., Inc. Announces Quarterly Dividend of $0.28 (NYSE:SSD)

Simpson Manufacturing Co., Inc. (NYSE:SSD) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.28 per share by the construction company on Thursday, January 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, January 2nd.

Simpson Manufacturing has increased its dividend payment by an average of 15.4% per year over the last three years. Simpson Manufacturing has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Simpson Manufacturing to earn $9.14 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 12.3%.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $181.43 on Friday. The business’s 50-day moving average price is $184.53 and its 200-day moving average price is $177.97. The company has a current ratio of 3.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 22.74 and a beta of 1.32. Simpson Manufacturing has a 12 month low of $126.83 and a 12 month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 earnings per share. Equities research analysts forecast that Simpson Manufacturing will post 7.55 EPS for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the completion of the sale, the executive vice president now owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

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.