Sharon H. Simpson Sells 8,210 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock
Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 8,210 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $61.18, for a total value of $502,287.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Simpson Manufacturing Co, Inc. (SSD) traded down $0.61 during mid-day trading on Tuesday, reaching $58.43. The company’s stock had a trading volume of 202,299 shares, compared to its average volume of 215,135. The firm has a market cap of $2,831.73, a price-to-earnings ratio of 32.53, a P/E/G ratio of 6.38 and a beta of 1.52. Simpson Manufacturing Co, Inc. has a 52 week low of $39.82 and a 52 week high of $61.62.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is currently 41.58%.
A number of equities research analysts have issued reports on the company. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 price target on shares of Simpson Manufacturing in a research report on Friday, October 20th. Finally, BidaskClub lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th.
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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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