Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) EVP Jennifer Lutz sold 1,000 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now directly owns 4,033 shares of the company's stock, valued at $708,114.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jennifer Lutz also recently made the following trade(s):
- On Monday, May 20th, Jennifer Lutz sold 750 shares of Simpson Manufacturing stock. The stock was sold at an average price of $171.14, for a total value of $128,355.00.
Simpson Manufacturing Stock Performance
NYSE:SSD traded up $2.85 on Tuesday, hitting $174.13. The company's stock had a trading volume of 269,929 shares, compared to its average volume of 309,251. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $173.52 and a two-hundred day moving average of $182.76. The firm has a market capitalization of $7.34 billion, a P/E ratio of 21.82 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). The business had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. Simpson Manufacturing's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. Research analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.64%. Simpson Manufacturing's dividend payout ratio (DPR) is currently 14.04%.
Analysts Set New Price Targets
Several analysts recently issued reports on SSD shares. Robert W. Baird upped their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. StockNews.com lowered Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd.
Read Our Latest Report on Simpson Manufacturing
Hedge Funds Weigh In On Simpson Manufacturing
A number of large investors have recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Simpson Manufacturing by 9.2% during the second quarter. Sei Investments Co. now owns 88,218 shares of the construction company's stock worth $14,868,000 after purchasing an additional 7,468 shares during the period. Pacer Advisors Inc. increased its stake in shares of Simpson Manufacturing by 43.2% during the second quarter. Pacer Advisors Inc. now owns 12,124 shares of the construction company's stock worth $2,043,000 after purchasing an additional 3,657 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Simpson Manufacturing during the second quarter worth approximately $4,045,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Simpson Manufacturing by 288.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 858 shares of the construction company's stock worth $145,000 after purchasing an additional 637 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Simpson Manufacturing during the second quarter worth approximately $1,726,000. Institutional investors own 93.68% of the company's stock.
About Simpson Manufacturing
(
Get Free Report)
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.
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