Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 2,017 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $58.01, for a total value of $117,006.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major 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. (SSD) traded down $0.16 during trading on Friday, hitting $60.27. The stock had a trading volume of 211,307 shares, compared to its average volume of 208,728. The stock has a market cap of $2,859.17, a PE ratio of 29.84, a price-to-earnings-growth ratio of 4.82 and a beta of 1.52. Simpson Manufacturing Co, Inc. has a 12-month low of $39.82 and a 12-month high of $61.62.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 30th. The construction company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). The company had revenue of $262.48 million during the quarter, compared to analysts’ expectations of $263.45 million. Simpson Manufacturing had a return on equity of 9.92% and a net margin of 10.25%. equities analysts anticipate that Simpson Manufacturing Co, Inc. will post 1.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is currently 41.58%.
Several hedge funds have recently modified their holdings of SSD. Schwab Charles Investment Management Inc. lifted its stake in shares of Simpson Manufacturing by 7.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 251,285 shares of the construction company’s stock worth $10,984,000 after acquiring an additional 16,729 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Simpson Manufacturing by 2.5% during the 2nd quarter. First Trust Advisors LP now owns 27,356 shares of the construction company’s stock worth $1,196,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Simpson Manufacturing during the 2nd quarter worth approximately $148,000. Legal & General Group Plc lifted its stake in shares of Simpson Manufacturing by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 79,671 shares of the construction company’s stock worth $3,482,000 after acquiring an additional 7,514 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Simpson Manufacturing by 49.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,665 shares of the construction company’s stock worth $597,000 after acquiring an additional 4,537 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.
SSD has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a report on Tuesday, January 9th. DA Davidson upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Sidoti assumed coverage on Simpson Manufacturing in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 target price for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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