Insider Selling: Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Sells 1,000 Shares of Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Simpson Manufacturing Stock Down 3.2 %

NYSE SSD traded down $5.29 during trading on Monday, reaching $159.11. The company's stock had a trading volume of 240,124 shares, compared to its average volume of 255,546. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.71 billion, a PE ratio of 20.94 and a beta of 1.35. The business has a 50-day moving average price of $166.85 and a 200-day moving average price of $177.71. Simpson Manufacturing Co., Inc. has a 1-year low of $155.73 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

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Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.74%.

Hedge Funds Weigh In On Simpson Manufacturing

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Simpson Manufacturing by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock valued at $697,294,000 after purchasing an additional 31,164 shares during the period. FMR LLC raised its position in shares of Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock valued at $327,140,000 after purchasing an additional 333,390 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Simpson Manufacturing by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock valued at $271,972,000 after purchasing an additional 24,253 shares during the period. Baker Avenue Asset Management LP raised its position in shares of Simpson Manufacturing by 4.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company's stock valued at $232,148,000 after purchasing an additional 62,165 shares during the period. Finally, State Street Corp raised its position in shares of Simpson Manufacturing by 1.7% in the third quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock valued at $240,392,000 after purchasing an additional 20,404 shares during the period. Institutional investors own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird cut their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research 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.