Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Michael Andersen Sells 1,000 Shares

Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Simpson Manufacturing Stock Down 3.2 %

Shares of NYSE:SSD traded down $5.40 during mid-day trading on Thursday, reaching $163.44. 181,740 shares of the stock were exchanged, compared to its average volume of 256,862. The stock’s 50 day simple moving average is $167.22 and its 200-day simple moving average is $177.93. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The company has a market cap of $6.89 billion, a P/E ratio of 21.51 and a beta of 1.35. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.69%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Hedge Funds Weigh In On Simpson Manufacturing

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock worth $697,294,000 after acquiring an additional 31,164 shares in the last quarter. FMR LLC increased its position in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Simpson Manufacturing by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock worth $271,972,000 after purchasing an additional 24,253 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of Simpson Manufacturing by 4.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company’s stock valued at $232,148,000 after buying an additional 62,165 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after buying an additional 20,404 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. 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, and strengthening and protection products.