Simpson Manufacturing Company, Inc. (SSD) Insider Sells $4,722,251.88 in Stock
Simpson Manufacturing Company, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 95,322 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $49.54, for a total value of $4,722,251.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Psb Fund Simpson also recently made the following trade(s):
- On Monday, October 2nd, Psb Fund Simpson sold 72,424 shares of Simpson Manufacturing stock. The stock was sold at an average price of $49.23, for a total value of $3,565,433.52.
Simpson Manufacturing Company, Inc. (NYSE:SSD) traded down 0.51% during trading on Thursday, reaching $49.25. The company’s stock had a trading volume of 247,416 shares. The company has a market cap of $2.33 billion, a P/E ratio of 24.02 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.10. The company’s 50 day moving average price is $45.68 and its 200 day moving average price is $43.31.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $259.05 million. During the same period in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 annualized dividend and a yield of 1.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
Large investors have recently modified their holdings of the business. Riverhead Capital Management LLC lifted its position in Simpson Manufacturing by 62.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock worth $114,000 after buying an additional 996 shares in the last quarter. SG Americas Securities LLC bought a new stake in Simpson Manufacturing during the 2nd quarter worth about $148,000. Ameritas Investment Partners Inc. bought a new stake in Simpson Manufacturing during the 1st quarter worth about $154,000. Verity Asset Management Inc. bought a new stake in Simpson Manufacturing during the 2nd quarter worth about $205,000. Finally, Victory Capital Management Inc. lifted its position in Simpson Manufacturing by 49.8% during the 1st quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock worth $220,000 after buying an additional 1,693 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on SSD shares. BidaskClub upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Zacks Investment Research upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, July 25th.
About Simpson Manufacturing
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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