Sharon H. Simpson Sells 21,600 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock

Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 21,600 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $58.37, for a total transaction of $1,260,792.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Simpson Manufacturing Co, Inc. (NYSE SSD) opened at $57.66 on Friday. The company has a market cap of $2,750.00, a PE ratio of 28.40, a PEG ratio of 6.20 and a beta of 1.52. Simpson Manufacturing Co, Inc. has a one year low of $39.82 and a one year high of $61.62.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 41.38%.

Several analysts have weighed in on SSD shares. DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird reissued a “hold” rating and issued a $46.00 price target on shares of Simpson Manufacturing in a research note on Friday, October 20th.

Several large investors have recently modified their holdings of the company. Dean Investment Associates LLC raised its stake in shares of Simpson Manufacturing by 36.2% during the third quarter. Dean Investment Associates LLC now owns 153,990 shares of the construction company’s stock valued at $7,552,000 after acquiring an additional 40,940 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Simpson Manufacturing during the third quarter valued at about $230,000. California Public Employees Retirement System raised its stake in shares of Simpson Manufacturing by 13.3% during the third quarter. California Public Employees Retirement System now owns 85,188 shares of the construction company’s stock valued at $4,178,000 after acquiring an additional 9,988 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Simpson Manufacturing by 16.7% during the third quarter. Janus Henderson Group PLC now owns 1,941,044 shares of the construction company’s stock valued at $95,189,000 after acquiring an additional 277,496 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of Simpson Manufacturing by 6.8% during the third quarter. Royce & Associates LP now owns 792,625 shares of the construction company’s stock valued at $38,870,000 after acquiring an additional 50,380 shares during the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.

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About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

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