Michael Andersen Sells 1,000 Shares of Simpson Manufacturing (NYSE:SSD) Stock

Simpson Manufacturing Company, Inc. (NYSE:SSD) EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the transaction, the executive vice president owned 7,810 shares in the company, valued at $1,531,775.30. This trade represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $194.46 on Thursday. The business’s fifty day moving average price is $172.41 and its 200 day moving average price is $162.76. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The stock has a market capitalization of $8.09 billion, a PE ratio of 24.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.37 and a quick ratio of 1.80.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.08. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The firm had revenue of $631.06 million for the quarter, compared to analysts’ expectations of $601.80 million. During the same period last year, the business posted $2.31 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.80%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of Simpson Manufacturing by 0.4% during the first quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company’s stock valued at $15,262,000 after purchasing an additional 380 shares during the period. GAMMA Investing LLC boosted its stake in Simpson Manufacturing by 163.7% during the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company’s stock valued at $184,000 after buying an additional 727 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Simpson Manufacturing by 708.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company’s stock valued at $2,135,000 after buying an additional 11,908 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Simpson Manufacturing by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company’s stock valued at $776,000 after buying an additional 135 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock valued at $55,000 after buying an additional 321 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson increased their target price on Simpson Manufacturing from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.50.

About Simpson Manufacturing

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.