Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Free Report) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 867,900 shares, a growth of 14.2% from the November 15th total of 759,700 shares. Based on an average daily volume of 231,600 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.1% of the shares of the stock are sold short.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD traded down $2.56 on Friday, reaching $192.32. The company’s stock had a trading volume of 472,706 shares, compared to its average volume of 182,869. The company has a 50-day simple moving average of $153.11 and a 200 day simple moving average of $148.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.28 and a current ratio of 3.46. The company has a market cap of $8.21 billion, a P/E ratio of 23.09 and a beta of 1.25. Simpson Manufacturing has a 52-week low of $87.07 and a 52-week high of $196.79.

Simpson Manufacturing (NYSE:SSD – Get Free Report) last issued its quarterly earnings results on Monday, October 23rd. The construction company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.18. The company had revenue of $580.08 million during the quarter, compared to the consensus estimate of $559.07 million. Simpson Manufacturing had a return on equity of 23.19% and a net margin of 16.31%. Simpson Manufacturing’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. As a group, equities research analysts anticipate that Simpson Manufacturing will post 8.51 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.56%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 12.97%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Simpson Manufacturing in a report on Thursday, October 5th. They set a “buy” rating for the company.

Check Out Our Latest Report on SSD

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $158.00, for a total transaction of $134,300.00. Following the sale, the executive vice president now owns 27,985 shares in the company, valued at $4,421,630. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Simpson Manufacturing

Institutional investors have recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in Simpson Manufacturing by 5.8% in the 1st quarter. American Century Companies Inc. now owns 10,786 shares of the construction company’s stock worth $1,176,000 after acquiring an additional 587 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Simpson Manufacturing by 4.2% during the first quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock worth $300,000 after buying an additional 111 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Simpson Manufacturing in the 1st quarter valued at about $231,000. Bank of Montreal Can grew its holdings in shares of Simpson Manufacturing by 4.0% in the first quarter. Bank of Montreal Can now owns 3,420 shares of the construction company’s stock valued at $389,000 after purchasing an additional 133 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Simpson Manufacturing by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,920 shares of the construction company’s stock worth $1,736,000 after acquiring an additional 1,518 shares during the period. Institutional investors and hedge funds own 89.45% of the company’s stock.

About Simpson Manufacturing (Get Free Report)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Simpson Manufacturing, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Simpson Manufacturing wasn’t on the list.

While Simpson Manufacturing currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Original: MarketBeat News Feed: Short Interest in Simpson Manufacturing Co., Inc. (NYSE:SSD) Expands By 14.2%