Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sharon H. Simpson Sells 13,149 Shares
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%.
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.
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