Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now directly owns 31,212 shares in the company, valued at approximately $3,277,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Roger Dankel also recently made the following trade(s):
- On Monday, May 2nd, Roger Dankel sold 600 shares of Simpson Manufacturing stock. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00.
Shares of SSD stock opened at $104.63 on Wednesday. The company’s fifty day simple moving average is $102.60 and its 200-day simple moving average is $111.71. The company has a quick ratio of 4.40, a current ratio of 5.85 and a debt-to-equity ratio of 0.55. The firm has a market cap of $4.52 billion, a PE ratio of 14.63 and a beta of 1.19. Simpson Manufacturing Co., Inc. has a 12 month low of $87.73 and a 12 month high of $141.26.
Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its quarterly earnings data on Monday, April 25th. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.60. The business had revenue of $493.57 million for the quarter, compared to analyst estimates of $476.28 million. Simpson Manufacturing had a net margin of 18.07% and a return on equity of 26.86%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 7.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, July 6th. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.25. Simpson Manufacturing’s payout ratio is currently 14.55%.
Hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Simpson Manufacturing by 115.3% in the first quarter. Signaturefd LLC now owns 239 shares of the construction company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Simpson Manufacturing by 617.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. Now owns 244 shares of the construction company’s stock worth $34,000 after purchasing an additional 210 shares in the last quarter. Quantbot Technologies LP bought a new stake in Simpson Manufacturing during the first quarter worth $30,000. Confluence Wealth Services Inc. bought a new stake in Simpson Manufacturing during the fourth quarter worth $39,000. Finally, Covestor Ltd bought a new stake in Simpson Manufacturing during the fourth quarter worth $71,000. 91.44% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 20th. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $136.00 to $145.00 in a research note on Tuesday, April 26th.
Simpson Manufacturing Company Profile (Get Rating)
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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, strengthening and protection products.
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