Simpson Manufacturing Company, Inc. (SSD) Major Shareholder Sharon H. Simpson Sells 22,561 Shares
Simpson Manufacturing Company, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 22,561 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $49.34, for a total transaction of $1,113,159.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Simpson Manufacturing Company, Inc. (SSD) traded down 0.69% during midday trading on Monday, reaching $49.24. 126,578 shares of the company traded hands. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 24.02 and a beta of 1.40. The firm’s 50 day moving average price is $47.98 and its 200 day moving average price is $43.93. Simpson Manufacturing Company, Inc. has a 12 month low of $39.82 and a 12 month high of $50.18.
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 consensus estimate of $0.56 by $0.03. The company had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 annualized dividend and a yield of 1.71%. Simpson Manufacturing’s payout ratio is 40.98%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, July 25th. BidaskClub lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $46.00 price objective on shares of Simpson Manufacturing in a research note on Friday.
A number of institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC purchased a new position in Simpson Manufacturing in the third quarter worth approximately $2,006,000. BW Gestao de Investimentos Ltda. grew its position in Simpson Manufacturing by 66.8% in the second quarter. BW Gestao de Investimentos Ltda. now owns 9,856 shares of the construction company’s stock worth $431,000 after acquiring an additional 3,947 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Simpson Manufacturing in the second quarter worth approximately $383,000. Dean Capital Management purchased a new position in Simpson Manufacturing in the second quarter worth approximately $3,140,000. Finally, Caxton Associates LP grew its position in Simpson Manufacturing by 13.1% in the second quarter. Caxton Associates LP now owns 12,977 shares of the construction company’s stock worth $567,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 83.63% of the company’s stock.
Simpson Manufacturing Company Profile
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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