Simpson Manufacturing Company, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 72,424 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.23, for a total value of $3,565,433.52. Following the sale, the insider now directly owns 1,266,213 shares of the company’s stock, valued at approximately $62,335,665.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 49.50 on Thursday. The stock’s 50 day moving average price is $45.68 and its 200-day moving average price is $43.31. Simpson Manufacturing Company, Inc. has a 1-year low of $39.82 and a 1-year high of $50.10. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 24.15 and a beta of 1.40.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $263.00 million for the quarter, compared to the consensus estimate of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. On average, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/05/psb-fund-simpson-sells-72424-shares-of-simpson-manufacturing-company-inc-ssd-stock.html.

A number of research firms have recently weighed in on SSD. Zacks Investment Research lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Simpson Manufacturing by 0.8% during the 2nd quarter. BlackRock Inc. now owns 5,256,026 shares of the construction company’s stock valued at $229,740,000 after purchasing an additional 43,753 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Simpson Manufacturing by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 3,561,119 shares of the construction company’s stock valued at $153,448,000 after purchasing an additional 123,129 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Simpson Manufacturing by 11.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock valued at $131,584,000 after purchasing an additional 297,244 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Simpson Manufacturing by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,750,714 shares of the construction company’s stock valued at $76,524,000 after purchasing an additional 7,080 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter valued at approximately $72,714,000. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for Simpson Manufacturing Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing Company Inc. and related stocks with our FREE daily email newsletter.