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
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.
This instant news alert is powered by narrative science and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team before publication. Please send questions or comments about this story to [email protected].
Before you consider Simpson Manufacturing; You will want to hear this.
MarketBeat tracks stocks recommended by Wall Street’s top-rated and best-performing research analysts and their clients on a daily basis. MarketBeat identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on, and Simpson Manufacturing didn’t make the list.
Although Simpson Manufacturing currently has a “Moderate Buy” rating among analysts. Top analysts believe these five stocks are better buys.
Check out five stocks here.