Simpson Manufacturing Co. (NYSE:SSD) COO Ricardo M. Arevalo sold 3,437 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $44.40, for a total value of $152,602.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Simpson Manufacturing Co. (NYSE:SSD) opened at 44.38 on Monday. The company has a 50-day moving average price of $42.73 and a 200-day moving average price of $39.43. Simpson Manufacturing Co. has a 1-year low of $30.25 and a 1-year high of $45.39. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 27.40 and a beta of 1.49.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The business had revenue of $230 million for the quarter, compared to analyst estimates of $227.12 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Simpson Manufacturing Co. will post $1.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Saturday, October 8th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. Simpson Manufacturing’s dividend payout ratio is presently 44.44%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC bought a new position in Simpson Manufacturing during the second quarter worth approximately $23,136,000. EP Wealth Advisors Inc. bought a new position in Simpson Manufacturing during the first quarter worth approximately $13,645,000. Norges Bank bought a new position in Simpson Manufacturing during the fourth quarter worth approximately $11,492,000. Simonbaker & Partners LLC bought a new position in Simpson Manufacturing during the first quarter worth approximately $12,554,000. Finally, Bank of Montreal Can bought a new position in Simpson Manufacturing during the second quarter worth approximately $7,545,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

Several brokerages have recently commented on SSD. Sidoti began coverage on Simpson Manufacturing in a research note on Friday, September 9th. They set a “neutral” rating on the stock. Zacks Investment Research lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.

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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.

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