Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 2,017 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $58.01, for a total value of $117,006.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Simpson Manufacturing Co, Inc. (NYSE SSD) traded up $0.25 during mid-day 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 cap of $2,720.00, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 4.58 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a twelve month low of $39.82 and a twelve month 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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s payout ratio is 41.38%.
Several research analysts have recently weighed in on SSD shares. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 target price on shares of Simpson Manufacturing in a research note on Friday, October 20th. Finally, Sidoti started coverage on Simpson Manufacturing in a research note on Wednesday. They set a “neutral” rating and a $66.00 target price for the company. Four research 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 target price of $58.50.
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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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