Simpson Manufacturing Co. (SSD) VP Sells $75,572.32 in Stock
Simpson Manufacturing Co. (NYSE:SSD) VP Jeffrey Eric Mackenzie sold 1,669 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $45.28, for a total transaction of $75,572.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Simpson Manufacturing Co. (NYSE:SSD) opened at 45.26 on Tuesday. Simpson Manufacturing Co. has a 1-year low of $30.25 and a 1-year high of $46.61. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 25.30 and a beta of 1.32. The stock has a 50 day moving average of $43.49 and a 200 day moving average of $41.42.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Thursday, October 27th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Simpson Manufacturing had a net margin of 10.30% and a return on equity of 10.07%. The firm earned $230.97 million during the quarter, compared to the consensus estimate of $232.73 million. During the same quarter in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts expect that Simpson Manufacturing Co. will post $1.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 3rd. Simpson Manufacturing’s payout ratio is 40.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Simpson Manufacturing by 135.5% in the first quarter. BlackRock Inc. now owns 3,073 shares of the company’s stock valued at $117,000 after buying an additional 1,768 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Simpson Manufacturing during the second quarter valued at $129,000. US Bancorp DE increased its position in shares of Simpson Manufacturing by 34.3% in the second quarter. US Bancorp DE now owns 3,555 shares of the company’s stock valued at $142,000 after buying an additional 908 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Simpson Manufacturing by 77.3% in the second quarter. Victory Capital Management Inc. now owns 3,576 shares of the company’s stock valued at $143,000 after buying an additional 1,559 shares during the last quarter. Finally, Amalgamated Bank purchased a new position in shares of Simpson Manufacturing during the second quarter valued at $201,000. 80.56% of the stock is owned by hedge funds and other institutional investors.
SSD has been the subject of several research analyst reports. Sidoti initiated coverage on shares of Simpson Manufacturing in a research note on Friday, September 9th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Simpson Manufacturing from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, November 2nd.
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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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