Insider Selling: Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sells 122,841 Shares of Stock
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 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.
ILLEGAL ACTIVITY NOTICE: “Insider Selling: Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sells 122,841 Shares of Stock” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/insider-selling-simpson-manufacturing-co-inc-ssd-major-shareholder-sells-122841-shares-of-stock/1809830.html.
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.
Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.