Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 13,149 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $60.38, for a total transaction of $793,936.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Simpson Manufacturing Co, Inc. (SSD) traded down $0.61 on Tuesday, hitting $58.43. 202,299 shares of the company were exchanged, compared to its average volume of 215,135. Simpson Manufacturing Co, Inc. has a one year low of $39.82 and a one year high of $61.62. The company has a market capitalization of $2,831.73, a price-to-earnings ratio of 32.53, a P/E/G ratio of 6.38 and a beta of 1.52.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Wednesday, January 3rd. Simpson Manufacturing’s payout ratio is currently 41.58%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new position in shares of Simpson Manufacturing during the second quarter valued at about $6,285,000. Comerica Bank increased its holdings in Simpson Manufacturing by 81.8% during the second quarter. Comerica Bank now owns 82,300 shares of the construction company’s stock worth $3,604,000 after buying an additional 37,030 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Simpson Manufacturing by 10.4% during the second quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock worth $70,977,000 after buying an additional 153,164 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Simpson Manufacturing by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,750,714 shares of the construction company’s stock worth $76,524,000 after buying an additional 7,080 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in Simpson Manufacturing by 13.1% during the third quarter. Conestoga Capital Advisors LLC now owns 1,203,520 shares of the construction company’s stock worth $59,021,000 after buying an additional 138,960 shares during the last quarter. 84.57% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on SSD shares. Robert W. Baird reissued a “hold” rating and set a $46.00 price target on shares of Simpson Manufacturing in a research report on Friday, October 20th. BidaskClub lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st.

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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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