Psb Fund Simpson Sells 253,749 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock

Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 253,749 shares of the business’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $57.64, for a total transaction of $14,626,092.36. Following the transaction, the insider now owns 719,269 shares of the company’s stock, valued at approximately $41,458,665.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Psb Fund Simpson also recently made the following trade(s):

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  • On Monday, April 2nd, Psb Fund Simpson sold 3,665 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.20, for a total transaction of $209,638.00.
  • On Thursday, March 29th, Psb Fund Simpson sold 42,419 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.68, for a total transaction of $2,446,727.92.
  • On Tuesday, March 27th, Psb Fund Simpson sold 14,655 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.27, for a total transaction of $839,291.85.
  • On Tuesday, February 27th, Psb Fund Simpson sold 42,038 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.65, for a total transaction of $2,423,490.70.

Shares of SSD opened at $56.82 on Monday. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62. The firm has a market capitalization of $2,652.64, a P/E ratio of 28.70, a P/E/G ratio of 4.27 and a beta of 1.48.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10). Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The company had revenue of $231.68 million during the quarter, compared to analysts’ expectations of $224.47 million. During the same period last year, the firm earned $0.37 earnings per share. Simpson Manufacturing’s revenue was up 15.7% on a year-over-year basis. equities analysts predict that Simpson Manufacturing Co, Inc. will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.48%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 42.42%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Profund Advisors LLC lifted its position in Simpson Manufacturing by 17.5% in the fourth quarter. Profund Advisors LLC now owns 6,266 shares of the construction company’s stock valued at $360,000 after acquiring an additional 934 shares during the last quarter. California Public Employees Retirement System lifted its position in Simpson Manufacturing by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 86,260 shares of the construction company’s stock valued at $4,952,000 after acquiring an additional 1,072 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Simpson Manufacturing by 6.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 1,100 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Simpson Manufacturing by 21.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,534 shares of the construction company’s stock valued at $375,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Meadow Creek Investment Management LLC lifted its position in Simpson Manufacturing by 22.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 6,698 shares of the construction company’s stock valued at $385,000 after acquiring an additional 1,224 shares during the last quarter. 88.51% of the stock is owned by hedge funds and other institutional investors.

SSD has been the subject of a number of analyst reports. DA Davidson downgraded shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Thursday, December 14th. Sidoti initiated coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 target price for the company. Robert W. Baird reiterated a “buy” rating and set a $64.00 target price on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Finally, Zacks Investment Research downgraded shares of Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.75.

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Simpson Manufacturing Company Profile

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.

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

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