Simpson Manufacturing (NYSE:SSD) was upgraded to Buy by StockNews.com. | So Good News

SSD is the topic of several other reports. TheStreet cut Simpson Manufacturing from a “b-” rating to a “c+” rating on Monday. It was cut in the October 31 report. DA Davidson dropped their price target on Simpson Manufacturing from $123.00 to $90.00 in a report on Tuesday. In a report on 25 October, the rating was set to “Neutral”. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Moderate Buy” and an average target price of $129.00, based on data from MarketBeat.

Simpson production stock performance

SSD stock traded up $1.34 during trading hours on Friday, reaching $91.91. 225,189 shares of the company traded at hands, compared to its average volume of 206,491. The company has a 50-day moving average price of $83.07 and a 200-day moving average price of $95.28. The company has a market capitalization of $3.92 billion. It has a P/E ratio of 11.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.49; It has a current ratio of 3.56 and a quick ratio of 2.00. Simpson Manufacturing has a 12-month low of $75.25 and a 12-month high of $141.26.

Simpson Manufacturing (NYSE:SSD – Get Rating ) reported its quarterly earnings data on Monday; Last announced on October 24th. The construction company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.66 by $0.40. Simpson Manufacturing had a return on equity of 27.49% and a net margin of 16.81%. The business had revenue of $553.66 million for the quarter, compared to the consensus estimate of $529.94 million. During the same period last year, the business earned $1.70 per share. The company’s revenue increased by 39.6% year over year. As a group, sell-side analysts predict that Simpson Manufacturing will post 7.52 earnings per share for the current fiscal year.

Organizational trading of Simpson production

A number of investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Simpson Manufacturing by 8.7% in the second quarter. Van ECK Associates Corp now owns 1,311 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 105 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Simpson Manufacturing by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 3,892 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 108 shares during the last quarter. Lindenwold Advisors increased its stake in Simpson Manufacturing by 5.1% in the first quarter. Lindenwold Advisors now owns 2,262 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 110 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Simpson Manufacturing by 45.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 354 shares of the construction company’s stock valued at $354,000 after purchasing an additional 110 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Simpson Manufacturing by 4.2% during the 1st quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock valued at $300,000 after buying an additional 111 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Simpson Manufacturing Company Profile

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Simpson Manufacturing Co, Inc. and its subsidiaries; designs; Engineers Manufactures and sells wood and concrete construction products. The company provides connectors, bonds, attachment systems; We provide wood construction products including fasteners and shear walls and pre-fabricated side panels for use in light frame construction. glue special chemicals; mechanical anchors; carbide drills; Powdered tools; Fiber reinforced materials and concrete; Other repair products for use in masonry and steel construction, as well as adhesives; coatings; sealed, motors, fiberglass and fiber-reinforced polymer systems; Asphalt materials for use in concrete construction repair; strength and protective materials.

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