Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 26,241 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $58.93, for a total transaction of $1,546,382.13. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) opened at $58.24 on Thursday. The stock has a market cap of $2,760.00, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 4.70 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a 1 year low of $39.82 and a 1 year high of $61.62.
The business also recently disclosed 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 is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a yield of 1.44%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.38%.
A number of hedge funds have recently modified their holdings of SSD. Macquarie Group Ltd. bought a new position in shares of Simpson Manufacturing during the third quarter worth approximately $103,000. Riverhead Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 62.3% during the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock worth $114,000 after purchasing an additional 996 shares during the period. SG Americas Securities LLC bought a new position in shares of Simpson Manufacturing during the second quarter worth approximately $148,000. Verity Asset Management Inc. bought a new position in shares of Simpson Manufacturing during the second quarter worth approximately $205,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Simpson Manufacturing during the third quarter worth approximately $230,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.
Several equities research analysts have issued reports on SSD shares. Sidoti started coverage on shares of 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 upgraded shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird restated a “buy” rating and set a $64.00 price objective on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $60.00.
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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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