Simpson Manufacturing Co, Inc. (SSD) Insider Psb Fund Simpson Sells 42,038 Shares

Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 42,038 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $57.65, for a total value of $2,423,490.70. Following the sale, the insider now owns 719,269 shares of the company’s stock, valued at approximately $41,465,857.85. The sale was disclosed in a 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 value 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 value of $2,446,727.92.
  • On Tuesday, March 27th, Psb Fund Simpson sold 14,655 shares of Simpson Manufacturing stock. The shares were sold at an average price of $57.27, for a total value of $839,291.85.
  • On Friday, April 6th, Psb Fund Simpson sold 253,749 shares of Simpson Manufacturing stock. The shares were sold at an average price of $57.64, for a total value of $14,626,092.36.

Shares of NYSE:SSD opened at $56.82 on Monday. The firm has a market capitalization of $2,652.64, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 4.27 and a beta of 1.48. Simpson Manufacturing Co, Inc. has a 1 year low of $39.82 and a 1 year high of $61.62.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be paid 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%.

Large investors have recently made changes to their positions in the business. Royce & Associates LP lifted its position in shares of Simpson Manufacturing by 6.8% during the 3rd quarter. Royce & Associates LP now owns 792,625 shares of the construction company’s stock valued at $38,870,000 after buying an additional 50,380 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Simpson Manufacturing by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,428,396 shares of the construction company’s stock valued at $82,005,000 after buying an additional 120,489 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at $209,000. Baker Avenue Asset Management LP lifted its position in shares of Simpson Manufacturing by 360.2% during the 4th quarter. Baker Avenue Asset Management LP now owns 988,367 shares of the construction company’s stock valued at $56,742,000 after buying an additional 773,587 shares during the last quarter. Finally, HAP Trading LLC purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at $1,330,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

A number of brokerages have issued reports on SSD. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, February 9th. Sidoti began coverage on Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 price objective for the company. Robert W. Baird restated a “buy” rating and issued a $64.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Finally, DA Davidson downgraded Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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.

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

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