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Principale » Simpson Manufacturing Company, (NYSE:SSD) Overbought but Is That a Sell Indicator?

Simpson Manufacturing Company, (NYSE:SSD) Overbought but Is That a Sell Indicator?

01 Novembre 2017

The construction company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.02).

Several other large investors also recently made changes to their positions in SSD. Zacks Investment Research raised Simpson Manufacturing from a "hold" rating to a "strong-buy" rating and set a $49.00 price objective for the company in a research note on Wednesday, November 2nd. They set a "neutral" rating for the company.

Simpson Manufacturing (NYSE:SSD) had its target price raised to $58.00 by Robert W. Baird in an issued report issued Tuesday October 31, 2017.

Simpson Manufacturing Company, 's stock has a beta of 1.48 so it is more volatile than the market overall which by definition has a beta of 1. The company's 50-day moving average price is $48.61 and its 200 day moving average price is $44.30. The dividend payment was $0.210 per share for the quarter or $0.84 on an annualized basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. In the last earnings report the EPS was $2.05 and is estimated to be $2.09 for the current year with 47,273,000 shares now outstanding. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.21 per share. This dividend represents a yield of $1.70 which is the dividend as a percentage of the current share price. Simpson Manufacturing's dividend payout ratio is presently 40.98%.

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The stock's Average True Range (ATR) is now 0.69. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.50% of the company's stock.

The company said it remains committed to continue returning 50% of its cash flow from operations in the form of both dividends and share repurchases to its shareholders through fiscal 2020. Bahl & Gaynor Inc. increased its stake in Simpson Manufacturing by 39.3% in the third quarter. Following the completion of the sale, the insider now owns 769,504 shares in the company, valued at $37,990,412.48. OppenheimerFunds Inc. boosted its position in Simpson Manufacturing by 33.3% during the 1st quarter. Over the last ninety days, insiders have sold 885,997 shares of company stock valued at $14,577,432,171. However, -0.84% over the last one month, 9.53% for the last quarter and year to date performance stands at 11.15%. Principal Financial Group Inc. now owns 325,746 shares of the construction company's stock worth $14,036,000 after purchasing an additional 8,473 shares during the period. Finally, BidaskClub downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Wednesday, August 16th. Victory Capital Management Inc. now owns 5,095 shares of the construction company's stock worth $220,000 after purchasing an additional 1,693 shares during the period.

Recent news headlines for Simpson Manufacturing Company, . It also offers concrete construction products used for concrete, masonry, steel and for concrete fix, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials. The Company's segments are North America, Europe, Asia/Pacific, and Administrative & All Other.