Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 122,841 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.90, for a total value of $7,235,334.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Simpson Manufacturing Co, Inc. (NYSE:SSD) remained flat at $$58.90 on Tuesday. 382,047 shares of the company were exchanged, compared to its average volume of 247,570. The stock has a market capitalization of $2,790.00, a PE ratio of 29.01, a P/E/G ratio of 4.70 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a one year low of $39.82 and a one year high of $61.62.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 41.38%.

Several analysts have commented on SSD shares. Robert W. Baird reaffirmed a “buy” rating and set a $64.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Sidoti started coverage on Simpson Manufacturing in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Simpson Manufacturing presently has an average rating of “Hold” and an average target price of $60.00.

Several hedge funds have recently modified their holdings of SSD. Janus Henderson Group PLC purchased a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $72,714,000. Conestoga Capital Advisors LLC raised its stake in shares of Simpson Manufacturing by 13.1% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,203,520 shares of the construction company’s stock worth $59,021,000 after buying an additional 138,960 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Simpson Manufacturing by 8.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,307,907 shares of the construction company’s stock worth $64,141,000 after buying an additional 105,480 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Simpson Manufacturing by 13.9% during the 3rd quarter. Brown Advisory Inc. now owns 824,053 shares of the construction company’s stock worth $40,411,000 after buying an additional 100,558 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Simpson Manufacturing by 21.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 486,525 shares of the construction company’s stock worth $23,859,000 after buying an additional 85,675 shares in the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

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Simpson Manufacturing Company Profile

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, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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

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