Back to top

Analyst Blog

Simpson Manufacturing Co., Inc. (SSD - Snapshot Report) has repurchased 342,300 shares for an average price of $28.70 per share since late May, spending roughly $9.8 million. It was a part of the $50 million share repurchase program authorized by its Board in Feb 2013.

Though the company is not planning to repurchase additional shares in the near future, the authorization will remain open for rest of the year.

Simpson, which belongs to the building and construction industry along with Owens Corning (OC - Snapshot Report), PGT, Inc. (PGTI - Snapshot Report) and Aegion Corporation (AEGN - Snapshot Report), posted first-quarter 2013 earnings of 10 cents per share, down 33% year over year.  It fell short of the Zacks Consensus Estimate of 21 cents as well.

Simpson’s net sales edged down 2.6% year over year to $155 million, missing the Zacks Consensus Estimate of $169 million. The decline was primarily attributable to reduced home center sales, lower selling prices and severe weather condition.

Simpson had cash and short-term investments of $142 million as of Mar 31, 2013, compared with $160 million as of Mar 31, 2012. The company had no debt on its balance sheet at the end of the quarter.

Simpson is expects to benefit from its ongoing investments in strategic initiatives, which include an expanded offering of concrete and reinforcing products and systems, particularly specialty chemicals and software offerings.

Pleasanton, CA-based Simpson is a leading manufacturer of wood construction products which includes connectors, truss plates, fastening systems, fasteners and shearwalls. The company through its subsidiary, Simpson Strong-Tie Company Inc., designs and engineers concrete construction products comprising adhesives, specialty chemicals, mechanical anchors and powder actuated tools.

Simpson currently has a Zacks Rank #5 (Strong Sell).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%