Simpson Manufacturing Company, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 95,322 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $49.54, for a total value of $4,722,251.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Psb Fund Simpson also recently made the following trade(s):

  • On Monday, October 2nd, Psb Fund Simpson sold 72,424 shares of Simpson Manufacturing stock. The shares were sold at an average price of $49.23, for a total value of $3,565,433.52.

Shares of Simpson Manufacturing Company, Inc. (SSD) traded up 0.02% during trading on Friday, reaching $49.26. The company had a trading volume of 80,944 shares. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 24.03 and a beta of 1.40. The firm has a 50 day moving average price of $45.86 and a 200 day moving average price of $43.36. Simpson Manufacturing Company, Inc. has a 12 month low of $39.82 and a 12 month high of $50.10.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Analysts predict that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 annualized dividend and a yield of 1.71%. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.

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Several equities analysts recently issued reports on SSD shares. Zacks Investment Research lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.

A number of institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its holdings in Simpson Manufacturing by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,337 shares of the construction company’s stock valued at $233,000 after acquiring an additional 53 shares during the period. Granite Investment Partners LLC raised its holdings in Simpson Manufacturing by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 24,658 shares of the construction company’s stock valued at $1,078,000 after acquiring an additional 94 shares during the period. Arizona State Retirement System raised its holdings in Simpson Manufacturing by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,164 shares of the construction company’s stock valued at $925,000 after acquiring an additional 100 shares during the period. Amalgamated Bank raised its holdings in Simpson Manufacturing by 2.0% in the 2nd quarter. Amalgamated Bank now owns 5,591 shares of the construction company’s stock valued at $244,000 after acquiring an additional 112 shares during the period. Finally, M&T Bank Corp raised its holdings in Simpson Manufacturing by 0.9% in the 1st quarter. M&T Bank Corp now owns 14,725 shares of the construction company’s stock valued at $635,000 after acquiring an additional 134 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

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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