Simpson Manufacturing Company, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 70,582 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $49.41, for a total value of $3,487,456.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Simpson Manufacturing Company, Inc. (NYSE SSD) traded up 0.04% during midday trading on Tuesday, hitting $49.52. The stock had a trading volume of 147,992 shares. The stock’s 50 day moving average price is $46.27 and its 200-day moving average price is $43.48. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.10. The company has a market cap of $2.34 billion, a PE ratio of 24.16 and a beta of 1.40.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities research analysts predict that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be paid 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 1.70%. Simpson Manufacturing’s dividend payout ratio is 40.98%.

WARNING: This article was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/10/insider-selling-simpson-manufacturing-company-inc-ssd-major-shareholder-sells-70582-shares-of-stock.html.

A number of institutional investors have recently modified their holdings of SSD. BW Gestao de Investimentos Ltda. grew its stake in shares of Simpson Manufacturing by 66.8% during the second quarter. BW Gestao de Investimentos Ltda. now owns 9,856 shares of the construction company’s stock valued at $431,000 after purchasing an additional 3,947 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing during the second quarter valued at approximately $383,000. Dean Capital Management bought a new stake in shares of Simpson Manufacturing during the second quarter valued at approximately $3,140,000. Caxton Associates LP grew its stake in shares of Simpson Manufacturing by 13.1% during the second quarter. Caxton Associates LP now owns 12,977 shares of the construction company’s stock valued at $567,000 after purchasing an additional 1,500 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Simpson Manufacturing by 4.9% during the second quarter. State Street Corp now owns 1,042,985 shares of the construction company’s stock valued at $45,589,000 after purchasing an additional 49,092 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on SSD shares. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.

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.

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

Receive News & Ratings for Simpson Manufacturing Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.