SSD Stock Summary and Trading Ideas (Simpson Manufacturing Company | NYSE:SSD)

Simpson Manufacturing Co Inc is a manufacturer of wood construction products. The company offers connectors, truss plates, fastening systems, fasteners, prefabricated lateral systems, concrete construction products, adhesives, mechanical anchors, carbide drill bits, powder-actuated tools, and fiber-reinforced materials. Simpson Manufacturing markets its products to the residential, light industrial, and commercial construction markets as well as the remodeling and do-it-yourself markets. The largest end market is the United States. The Company is organized into three reporting segments defined by the regions namely North America, Europe, and Asia Pacific. The company generates the majority of its revenue from wood products.

Simpson Manufacturing Company trades on the NYSE stock market under the symbol SSD.

As of November 15, 2024, SSD stock price declined to $180.37 with 114,701 million shares trading.

SSD has a beta of 1.20, meaning it tends to be more sensitive to market movements. SSD has a correlation of 0.21 to the broad based SPY ETF.

SSD has a market cap of $7.60 billion. This is considered a Mid Cap stock.

Last quarter Simpson Manufacturing Company reported $587 million in Revenue and $2.21 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.19.

In the last 3 years, SSD traded as high as $218.38 and as low as $75.25.

The top ETF exchange traded funds that SSD belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

SSD has underperformed the market in the last year with a price return of +15.9% while the SPY ETF gained +32.1%. SSD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.5% and +0.3%, respectively, while the SPY returned +8.0% and +3.0%, respectively.

SSD support price is $178.95 and resistance is $186.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SSD shares will trade within this expected range on the day.