Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sharon H. Simpson Sells 54,379 Shares

Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 54,379 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $57.61, for a total value of $3,132,774.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Simpson Manufacturing Co, Inc. (NYSE:SSD) traded up $0.97 on Friday, hitting $57.98. The stock had a trading volume of 354,685 shares, compared to its average volume of 241,321. Simpson Manufacturing Co, Inc. has a 12 month low of $39.82 and a 12 month high of $61.62. The company has a market capitalization of $2,718.17, a PE ratio of 28.70, a price-to-earnings-growth ratio of 4.59 and a beta of 1.52.

The firm also recently disclosed 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 is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a dividend yield of 1.45%. Simpson Manufacturing’s dividend payout ratio is 41.58%.

A number of research firms recently commented on SSD. DA Davidson downgraded Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a report on Thursday, December 14th. Robert W. Baird reissued a “hold” rating and issued a $46.00 price objective on shares of Simpson Manufacturing in a research report on Friday, October 20th. Finally, Sidoti initiated coverage on Simpson Manufacturing in a research report on Wednesday. They issued a “neutral” rating and a $66.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $58.50.

Several institutional investors and hedge funds have recently bought and sold shares of SSD. Schwab Charles Investment Management Inc. boosted its position in shares of Simpson Manufacturing by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 251,285 shares of the construction company’s stock valued at $10,984,000 after acquiring an additional 16,729 shares during the period. First Trust Advisors LP lifted its position in Simpson Manufacturing by 2.5% in the second quarter. First Trust Advisors LP now owns 27,356 shares of the construction company’s stock worth $1,196,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC bought a new position in Simpson Manufacturing in the second quarter worth $148,000. Legal & General Group Plc lifted its position in Simpson Manufacturing by 10.4% in the second quarter. Legal & General Group Plc now owns 79,671 shares of the construction company’s stock worth $3,482,000 after purchasing an additional 7,514 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Simpson Manufacturing by 49.7% in the second quarter. BNP Paribas Arbitrage SA now owns 13,665 shares of the construction company’s stock worth $597,000 after purchasing an additional 4,537 shares during the period. 84.49% of the stock is owned by institutional investors.

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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.

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

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