Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 2,017 shares of Simpson Manufacturing stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $58.01, for a total value of $117,006.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Simpson Manufacturing Co, Inc. (SSD) traded down $0.02 on Friday, reaching $58.90. The company had a trading volume of 178,426 shares, compared to its average volume of 195,232. Simpson Manufacturing Co, Inc. has a 52-week low of $39.82 and a 52-week high of $61.62. The firm has a market capitalization of $2,787.72, a PE ratio of 29.16, a price-to-earnings-growth ratio of 4.70 and a beta of 1.52.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a $0.21 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. Simpson Manufacturing’s dividend payout ratio is currently 41.58%.
Several large investors have recently made changes to their positions in SSD. Schwab Charles Investment Management Inc. lifted its position in shares of Simpson Manufacturing by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 251,285 shares of the construction company’s stock worth $10,984,000 after buying an additional 16,729 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Simpson Manufacturing by 2.5% in the second quarter. First Trust Advisors LP now owns 27,356 shares of the construction company’s stock worth $1,196,000 after buying an additional 676 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Simpson Manufacturing in the second quarter worth about $148,000. Legal & General Group Plc lifted its position in shares of Simpson Manufacturing by 10.4% in the second quarter. Legal & General Group Plc now owns 79,671 shares of the construction company’s stock worth $3,482,000 after buying an additional 7,514 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Simpson Manufacturing by 49.7% in the second quarter. BNP Paribas Arbitrage SA now owns 13,665 shares of the construction company’s stock worth $597,000 after buying an additional 4,537 shares during the last quarter. 84.49% of the stock is owned by institutional investors.
A number of research firms recently issued reports on SSD. Sidoti began coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price objective for the company. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $46.00 price objective on shares of Simpson Manufacturing in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $60.00.
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About Simpson Manufacturing
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 pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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