Insider Sale: Simpson Manufacturing Co., Inc. (NYSE: SSD) CFO Sells 2,000 Shares


Simpson Manufacturing Co., Inc. (NYSE: SSD) CFO Brian J. Magstadt sold 2,000 shares of the company in a trade that took place on Wednesday, December 15. The shares were sold for an average price of $ 128.00, for a total value of $ 256,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

The SSD traded at $ 1.38 during trading hours on Friday, reaching $ 133.00. 664,013 shares of the company were traded in the hands, compared to its average volume of 176,642. The company has a 50-day moving average price of $ 118.39 and a 200-day moving average price of 113.47 $. Simpson Manufacturing Co., Inc. has a 52 week low of $ 90.37 and a 52 week high of $ 133.06. The company has a market cap of $ 5.78 billion, a PE ratio of 25.58 and a beta of 1.18.

Simpson Manufacturing (NYSE: SSD) last released its quarterly earnings data on Sunday, October 24. The construction company reported earnings per share (EPS) of $ 1.70 for the quarter, missing Zacks’ consensus estimate of $ 1.77 ($ 0.07). Simpson Manufacturing had a net margin of 15.62% and a return on equity of 21.52%. The company posted revenue of $ 396.74 million for the quarter, compared to analysts’ expectations of $ 447.72 million. In the same quarter of the previous year, the company earned $ 1.54 per share. Simpson Manufacturing revenues increased 8.9% from the same quarter last year. Analysts on the seller’s side predict that Simpson Manufacturing Co., Inc. will post 5.47 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, January 27. Shareholders of record on Thursday, January 6 will receive a dividend of $ 0.25. This represents an annualized dividend of $ 1.00 and a dividend yield of 0.75%. The ex-dividend date is Wednesday January 5. Simpson Manufacturing’s dividend payout ratio is 19.23%.

The SSD has been the subject of several analyst reports. Robert W. Baird reduced his price target on Simpson Manufacturing from $ 138.00 to $ 135.00 and set an “outperform” rating on the stock in a research report released on Tuesday, October 26. They noted that the move was an appraisal call. Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “keep” rating in a report released on Friday, October 29.

Several hedge funds have recently changed their holdings in the company. Comerica Bank increased its stake in Simpson Manufacturing shares by 6.5% in the third quarter. Comerica Bank now owns 126,218 shares of the construction company valued at $ 14,486,000 after purchasing an additional 7,735 shares during the period. Liontrust Investment Partners LLP purchased a new stake in Simpson Manufacturing shares in the third quarter valued at $ 625,000. Bank of New York Mellon Corp raised its holdings of Simpson Manufacturing shares by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 541,945 shares of the construction company valued at $ 57,971,000 after purchasing an additional 11,625 shares during the period. Captrust Financial Advisors increased its holdings of Simpson Manufacturing shares by 124.3% in the 3rd quarter. Captrust Financial Advisors now owns 2,833 shares of the construction company valued at $ 303,000 after purchasing an additional 1,570 shares during the period. Finally, BNP Paribas Arbitrage SA strengthened its position in Simpson Manufacturing shares by 4.2% in the third quarter. BNP Paribas Arbitrage SA now owns 25,799 shares of the construction company valued at $ 2,760,000 after acquiring 1,040 additional shares during the last quarter. Institutional investors and hedge funds hold 87.72% of the company’s shares.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc manufactures and markets building and construction solutions. It offers wood construction products that include connectors, truss plates, fastening systems and side systems primarily used to reinforce, support and connect wood applications in residential and commercial construction, as well as construction projects. do-it-yourself ; and concrete construction products such as anchors; and repair, protection and reinforcement products for concrete, brick and masonry applications in industrial, infrastructure, residential, commercial and DYI projects.

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

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