Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 200 shares of the firm’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $57.05, for a total value of $11,410.00. Following the sale, the insider now directly owns 492,870 shares of the company’s stock, valued at $28,118,233.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Psb Fund Simpson also recently made the following trade(s):
- On Monday, April 2nd, Psb Fund Simpson sold 3,665 shares of Simpson Manufacturing stock. The shares were 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 stock was sold at an average price of $57.27, for a total value 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 value of $2,423,490.70.
- On Friday, April 6th, Psb Fund Simpson sold 253,749 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.64, for a total value of $14,626,092.36.
SSD stock opened at $56.30 on Friday. The firm has a market cap of $2,635.83, a PE ratio of 31.54, a PEG ratio of 4.25 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 posted its quarterly earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.10). The firm had revenue of $231.68 million for the quarter, compared to the consensus estimate of $224.47 million. Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. research analysts forecast that Simpson Manufacturing Co, Inc. will post 2.66 earnings per share for the current fiscal year.
The business also recently announced 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 annualized dividend and a yield of 1.49%. Simpson Manufacturing’s dividend payout ratio is currently 42.42%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. bought a new position in Simpson Manufacturing in the 3rd quarter worth about $103,000. Renaissance Technologies LLC bought a new position in Simpson Manufacturing in the 4th quarter worth about $207,000. Shelton Capital Management bought a new position in Simpson Manufacturing in the 4th quarter worth about $209,000. Xact Kapitalforvaltning AB bought a new position in Simpson Manufacturing in the 4th quarter worth about $220,000. Finally, Everence Capital Management Inc. bought a new position in Simpson Manufacturing in the 4th quarter worth about $229,000. Institutional investors and hedge funds own 88.52% of the company’s stock.
Several research analysts have recently weighed in on SSD shares. Sidoti started coverage on Simpson Manufacturing in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target for the company. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Friday, February 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Simpson Manufacturing currently has an average rating of “Hold” and an average price target 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.
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