Simpson Manufacturing Co (SSD) was Initiated by Sidoti to “Neutral”. Sidoti advised their investors in a research report released on Sep 9, 2016.
On the company’s financial health, Simpson Manufacturing Co reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $230.00 million for the quarter, compared to analysts expectations of $227.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Simpson Manufacturing Co opened for trading at $44.88 and hit $45.16 on the upside on Wednesday, eventually ending the session at $45.07, with a gain of 0.47% or 0.21 points. The heightened volatility saw the trading volume jump to 130,779 shares. Company has a market cap of $2,181 M.
In a different news, on Apr 28, 2016, Sunny H Leung (Vice President) sold 988 shares at $38.75 per share price. According to the SEC, on Sep 14, 2015, Thomas J Fitzmyers (Vice Chairman of the Board) sold 6,195 shares at $34.95 per share price. On Aug 20, 2015, Jeffrey Eric Mackenzie (Vice President) sold 7,000 shares at $36.83 per share price, according to the Form-4 filing with the securities and exchange commission.
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 lateral systems used in light-frame construction. The Company also offers concrete construction products used for concrete masonry steel and for concrete repair protection and strengthening including adhesives chemicals mechanical anchors carbide drill bits powder actuated tools and fiber reinforced materials. The Company operates in three segments: North America Europe and Asia/Pacific. The North America segment includes operations in the United States and Canada. The Europe segment includes operations in France the United Kingdom Germany Denmark Switzerland Portugal and Poland. The Asia/Pacific segment includes operations in China Hong Kong Thailand Australia New Zealand South Africa and the Middle East.