Insider Selling: Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sells 2,017 Shares of Stock

Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 2,017 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $58.01, for a total value of $117,006.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Simpson Manufacturing Co, Inc. (SSD) traded up $0.25 during trading on Wednesday, hitting $57.45. The stock had a trading volume of 198,691 shares, compared to its average volume of 203,000. The firm has a market capitalization of $2,720.00, a PE ratio of 28.30, a PEG ratio of 4.58 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.38%.

A number of equities analysts have issued reports on the company. Sidoti assumed coverage on Simpson Manufacturing in a research note on Wednesday. They set a “neutral” rating and a $66.00 price target for the company. DA Davidson lowered Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Thursday, December 14th. Finally, Robert W. Baird raised Simpson Manufacturing from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $58.00 in a research note on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Simpson Manufacturing currently has a consensus rating of “Hold” and an average price target of $58.50.

Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of Simpson Manufacturing in the third quarter worth $103,000. Riverhead Capital Management LLC boosted its position in shares of Simpson Manufacturing by 62.3% in the second 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 during the period. SG Americas Securities LLC acquired a new stake in shares of Simpson Manufacturing in the second quarter worth $148,000. Verity Asset Management Inc. acquired a new stake in shares of Simpson Manufacturing in the second quarter worth $205,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter worth $230,000. 84.49% of the stock is owned by institutional investors and hedge funds.

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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.

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

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