Simpson Manufacturing (SSD) Given News Sentiment Score of 0.09

Headlines about Simpson Manufacturing (NYSE:SSD) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Simpson Manufacturing earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 46.0120788549897 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

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Simpson Manufacturing (NYSE:SSD) opened at $58.31 on Friday. Simpson Manufacturing has a 12-month low of $39.82 and a 12-month high of $61.62. The stock has a market cap of $2,649.36, a PE ratio of 30.21, a P/E/G ratio of 4.25 and a beta of 1.54.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10). Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The business had revenue of $231.68 million for the quarter, compared to analysts’ expectations of $224.47 million. During the same period last year, the business earned $0.37 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. analysts anticipate that Simpson Manufacturing will post 2.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.44%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 43.52%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. DA Davidson lowered shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Thursday, December 14th. Robert W. Baird reissued a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Finally, Sidoti initiated coverage on shares of Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Simpson Manufacturing currently has a consensus rating of “Hold” and an average price target of $63.75.

In related news, major shareholder Sharon H. Simpson sold 13,149 shares of Simpson Manufacturing stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $60.38, for a total transaction of $793,936.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Sharon H. Simpson sold 30,374 shares of Simpson Manufacturing stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.78, for a total transaction of $1,755,009.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 828,602 shares of company stock valued at $48,687,983. 0.36% of the stock is currently owned by corporate insiders.

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Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

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