Insider Selling: Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Sells $281,190.00 in Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Michael Andersen sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now directly owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $181.25 on Friday. The firm has a market capitalization of $7.64 billion, a PE ratio of 22.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The stock has a 50-day simple moving average of $177.08 and a two-hundred day simple moving average of $182.30. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 19.42% and a net margin of 15.03%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $2.50 EPS. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

Institutional Investors Weigh In On Simpson Manufacturing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc grew its stake in shares of Simpson Manufacturing by 517.1% during the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after buying an additional 465,193 shares during the last quarter. Norges Bank bought a new stake in Simpson Manufacturing during the 4th quarter valued at $81,069,000. Vanguard Group Inc. boosted its position in Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after acquiring an additional 278,283 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after acquiring an additional 232,600 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at $35,884,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

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.