Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 76,803 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $58.28, for a total value of $4,476,078.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Simpson Manufacturing Co, Inc. (NYSE:SSD) opened at $58.90 on Friday. The stock has a market capitalization of $2,790.00, a P/E ratio of 29.01, a P/E/G ratio of 4.70 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a 52 week low of $39.82 and a 52 week high of $61.62.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a yield of 1.43%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.38%.
Several research analysts recently issued reports on SSD shares. Robert W. Baird reissued a “hold” rating and issued a $46.00 price objective on shares of Simpson Manufacturing in a research note on Friday, October 20th. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Sidoti started coverage on Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $60.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in SSD. Janus Henderson Group PLC bought a new stake in Simpson Manufacturing during the 2nd quarter valued at $72,714,000. Franklin Resources Inc. boosted its position in Simpson Manufacturing by 11.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock valued at $131,584,000 after acquiring an additional 297,244 shares in the last quarter. Wells Fargo & Company MN boosted its position in Simpson Manufacturing by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock valued at $70,977,000 after acquiring an additional 153,164 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Simpson Manufacturing by 13.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,202,427 shares of the construction company’s stock valued at $52,558,000 after acquiring an additional 144,623 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Simpson Manufacturing during the 2nd quarter valued at $6,285,000. 84.49% of the stock is currently owned by institutional investors and hedge funds.
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Simpson Manufacturing Company Profile
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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