Is Simpson Manufacturing (NYSE:SSD) now a ‘Sell’ After a BidaskScore Downgrade?

Simpson Manufacturing Co., Inc. (NYSE:SSD) Logo

Investors sentiment decreased to 1.03 in 2018 Q4. Its down 0.52, from 1.55 in 2018Q3. It dropped, as 35 investors sold Simpson Manufacturing Co., Inc. shares while 63 reduced holdings. 37 funds opened positions while 64 raised stakes. 39.49 million shares or 0.02% less from 39.50 million shares in 2018Q3 were reported.

Royal Bancshares Of Canada owns 338,370 shares. 841,500 were reported by Brown Advisory. Grp Inc Inc invested in 32,160 shares or 0.01% of the stock. State Street Corp has invested 0.01% in Simpson Manufacturing Co., Inc. (NYSE:SSD). Cornerstone Capital Incorporated holds 3.33% or 345,066 shares in its portfolio. Advsr Asset reported 7,398 shares. Trexquant Inv Lp holds 0.02% or 4,537 shares in its portfolio. Morgan Stanley has 0% invested in Simpson Manufacturing Co., Inc. (NYSE:SSD) for 291,840 shares. California State Teachers Retirement Sys has invested 0.01% in Simpson Manufacturing Co., Inc. (NYSE:SSD). Susquehanna Int Group Llp has 0% invested in Simpson Manufacturing Co., Inc. (NYSE:SSD). Robeco Institutional Asset Management Bv, Netherlands-based fund reported 8,171 shares. Pub Sector Pension Invest Board owns 0.02% invested in Simpson Manufacturing Co., Inc. (NYSE:SSD) for 36,529 shares. Moreover, Cibc Asset Management Incorporated has 0% invested in Simpson Manufacturing Co., Inc. (NYSE:SSD) for 3,717 shares. Wells Fargo & Mn holds 1.12M shares. Hsbc Public Ltd Co owns 0.01% invested in Simpson Manufacturing Co., Inc. (NYSE:SSD) for 88,119 shares.

Simpson Manufacturing (NYSE:SSD) Receives a Downgrade

Equity research analysts at the BidaskScore research division downgraded the rating of Simpson Manufacturing (NYSE:SSD) shares to a “Hold” on Friday morning.

The stock decreased 1.90% or $1.24 during the last trading session, reaching $63.97. About 96,485 shares traded. Simpson Manufacturing Co., Inc. (NYSE:SSD) has risen 7.34% since May 18, 2018 and is uptrending. It has outperformed by 2.97% the S&P500.

Analysts await Simpson Manufacturing Co., Inc. (NYSE:SSD) to report earnings on July, 29. They expect $1.03 earnings per share, up 9.57 % or $0.09 from last year’s $0.94 per share. SSD’s profit will be $46.00 million for 15.53 P/E if the $1.03 EPS becomes a reality. After $0.50 actual earnings per share reported by Simpson Manufacturing Co., Inc. for the previous quarter, Wall Street now forecasts 106.00 % EPS growth.

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, makes, and sells building construction products. The company has market cap of $2.86 billion. The firm offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications. It has a 23.82 P/E ratio. It also provides wood shrinkage compensating devices; ornamental product line; cold formed steel connections; structural screws for wood, metal, and composite decking applications; and mechanical anchors for use in hollow wall conditions and for overhead applications.

More notable recent Simpson Manufacturing Co., Inc. (NYSE:SSD) news were published by: Seekingalpha.com which released: “Simpson Manufacturing declares $0.23 dividend – Seeking Alpha” on April 29, 2019, also Fool.com with their article: “Sony’s PlayStation 5 Sounds Like a Big Bet Against Cloud Gaming – The Motley Fool” published on April 17, 2019, Finance.Yahoo.com published: “Western Digital Corporation (WD): 2019 Sohn Conference New York Recap – Yahoo Finance” on May 07, 2019. More interesting news about Simpson Manufacturing Co., Inc. (NYSE:SSD) were released by: Seekingalpha.com and their article: “Simpson Manufacturing Co., Inc. (SSD) CEO Karen Colonias on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on February 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Integer Holdings Corporation (ITGR) – Yahoo Finance” with publication date: April 29, 2019.

Simpson Manufacturing Co., Inc. (NYSE:SSD) Institutional Positions Chart

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