Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Sells $45,765.00 in Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $180.49 on Friday. The company has a 50-day simple moving average of $185.98 and a 200-day simple moving average of $179.11. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 23.84 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter last year, the firm earned $2.43 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SSD. FMR LLC increased its stake in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after acquiring an additional 333,390 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Simpson Manufacturing during the second quarter worth about $35,884,000. The Manufacturers Life Insurance Company grew its position in Simpson Manufacturing by 336.6% during the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after buying an additional 173,097 shares during the period. EP Wealth Advisors LLC grew its position in Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after buying an additional 127,345 shares during the period. Finally, Nia Impact Advisors LLC acquired a new position in Simpson Manufacturing during the second quarter worth about $15,010,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

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.