Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 7,915 shares of the stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $57.32, for a total value of $453,687.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of SSD stock opened at $56.82 on Friday. The firm has a market capitalization of $2,710.05, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 4.36 and a beta of 1.48. Simpson Manufacturing Co, Inc. has a fifty-two week low of $39.82 and a fifty-two week high of $61.62.
Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). The business had revenue of $231.68 million during the quarter, compared to analyst estimates of $224.47 million. Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. equities research analysts expect that Simpson Manufacturing Co, Inc. will post 2.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio is presently 42.42%.
Several hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Simpson Manufacturing by 21.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,534 shares of the construction company’s stock valued at $375,000 after purchasing an additional 1,146 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $220,000. MetLife Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $1,119,000. Gotham Asset Management LLC bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at $1,204,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at $359,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Friday, February 9th. Sidoti assumed coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target on the stock. Robert W. Baird reissued a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Finally, DA Davidson downgraded Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Simpson Manufacturing currently has an average rating of “Hold” and an average target price of $63.75.
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About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
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