While Simpson Manufacturing Co., Inc. has overperformed by 0.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SSD rose by 38.23%, with highs and lows ranging from $218.38 to $117.08, whereas the simple moving average jumped by 0.27% in the last 200 days.
On February 08, 2022, Sidoti Upgraded Simpson Manufacturing Co., Inc. (NYSE: SSD) to Buy. A report published by CJS Securities on February 08, 2022, Upgraded its rating to ‘Market Outperform’ for SSD. Robert W. Baird also Upgraded SSD shares as ‘Outperform’, setting a target price of $112 on the company’s shares in a report dated October 15, 2020. DA Davidson April 28, 2020d its ‘Neutral’ rating to ‘Buy’ for SSD, as published in its report on April 28, 2020. Robert W. Baird also rated the stock as ‘Neutral’.
Analysis of Simpson Manufacturing Co., Inc. (SSD)
It’s important to note that SSD shareholders are currently getting $1.08 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -0.72%, showing a negative trend in the upcoming months.
Simpson Manufacturing Co., Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 21.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.19, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and SSD is registering an average volume of 266.35K. On a monthly basis, the volatility of the stock is set at 2.74%, whereas on a weekly basis, it is put at 3.42%, with a loss of -6.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $194.03, showing growth from the present price of $170.82, which can serve as yet another indication of whether SSD is worth investing in or should be passed over.
How Do You Analyze Simpson Manufacturing Co., Inc. Shares?
A giant in the Lumber & Wood Production market, Simpson Manufacturing Co., Inc. (SSD) is based in the USA. When comparing Simpson Manufacturing Co., Inc. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 21.39, there is a growth in quarterly earnings of -13.81%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.62%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.47% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SSD shares are owned by institutional investors to the tune of 94.47% at present.
