Insider Selling: Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Sells $350,260.00 in Stock

Simpson Manufacturing Co., Inc. (NYSE:SSDGet Free Report) EVP Roger Dankel sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the sale, the executive vice president now directly owns 26,764 shares in the company, valued at approximately $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roger Dankel also recently made the following trade(s):

  • On Wednesday, March 20th, Roger Dankel sold 850 shares of Simpson Manufacturing stock. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00.

Simpson Manufacturing Trading Down 0.7 %

Simpson Manufacturing stock opened at $168.35 on Friday. The stock has a market cap of $7.10 billion, a P/E ratio of 21.10 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38. The firm’s fifty day moving average price is $187.16 and its 200-day moving average price is $183.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77.

Simpson Manufacturing (NYSE:SSDGet Free Report) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be given a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 0.67%. Simpson Manufacturing’s payout ratio is 13.53%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xponance Inc. grew its position in Simpson Manufacturing by 1.1% in the fourth quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after acquiring an additional 67 shares in the last quarter. Jennison Associates LLC boosted its position in Simpson Manufacturing by 1.8% during the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock valued at $1,031,000 after buying an additional 90 shares during the period. Private Advisor Group LLC boosted its position in Simpson Manufacturing by 4.3% during the first quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock valued at $451,000 after buying an additional 91 shares during the period. CWM LLC boosted its position in Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the period. Finally, Tidal Investments LLC boosted its position in Simpson Manufacturing by 3.0% during the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after buying an additional 109 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SSD shares. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th.

Get Our Latest Stock Report on SSD

Simpson Manufacturing Company Profile

(Get Free Report)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.

Read More

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.