Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Roger Dankel sold 1,300 shares of Simpson Manufacturing stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $59.01, for a total value of $76,713.00. Following the completion of the transaction, the insider now owns 60 shares of the company’s stock, valued at approximately $3,540.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) traded down $0.81 during trading on Tuesday, hitting $59.04. The company had a trading volume of 273,400 shares, compared to its average volume of 215,211. Simpson Manufacturing Co, Inc. has a 1 year low of $39.82 and a 1 year high of $61.62. The stock has a market cap of $2,831.73, a price-to-earnings ratio of 32.53, a PEG ratio of 6.38 and a beta of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. Simpson Manufacturing’s dividend payout ratio is presently 41.58%.
SSD has been the subject of several recent analyst reports. Robert W. Baird upgraded Simpson Manufacturing from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $58.00 in a research note on Tuesday, October 31st. DA Davidson upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, BidaskClub lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.
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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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