Sharon H. Simpson Sells 26,241 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock
Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 26,241 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $58.93, for a total transaction of $1,546,382.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major 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. (NYSE:SSD) opened at $58.90 on Wednesday. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62. The stock has a market cap of $2,790.00, a PE ratio of 29.01, a P/E/G ratio of 4.70 and a beta of 1.53.
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 issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is currently 41.38%.
Several brokerages recently issued reports on SSD. Robert W. Baird reissued a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a report on Tuesday, January 9th. DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Sidoti began coverage on shares of Simpson Manufacturing in a report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Simpson Manufacturing presently has an average rating of “Hold” and an average price target of $60.00.
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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