Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sharon H. Simpson Sells 27,215 Shares

Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 27,215 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $58.04, for a total transaction of $1,579,558.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Simpson Manufacturing Co, Inc. (SSD) opened at $58.90 on Friday. The stock has a market cap of $2,730.00, a price-to-earnings ratio of 29.01, a P/E/G ratio of 4.63 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a 12 month low of $39.82 and a 12 month high of $61.62.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.43%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.38%.

A number of analysts have recently issued reports on SSD shares. Robert W. Baird reiterated a “buy” rating and set a $64.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday. DA Davidson upgraded shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Sidoti assumed coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Simpson Manufacturing has an average rating of “Hold” and a consensus price target of $60.00.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of Simpson Manufacturing by 10.4% in the second quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock worth $70,977,000 after buying an additional 153,164 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Simpson Manufacturing by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,750,714 shares of the construction company’s stock worth $76,524,000 after buying an additional 7,080 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Simpson Manufacturing by 13.1% in the third quarter. Conestoga Capital Advisors LLC now owns 1,203,520 shares of the construction company’s stock worth $59,021,000 after buying an additional 138,960 shares during the last quarter. Royce & Associates LP increased its stake in shares of Simpson Manufacturing by 6.8% in the third quarter. Royce & Associates LP now owns 792,625 shares of the construction company’s stock worth $38,870,000 after buying an additional 50,380 shares during the last quarter. Finally, Nuance Investments LLC increased its stake in shares of Simpson Manufacturing by 10.8% in the third quarter. Nuance Investments LLC now owns 153,932 shares of the construction company’s stock worth $7,549,000 after buying an additional 15,047 shares during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sharon H. Simpson Sells 27,215 Shares” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/13/simpson-manufacturing-co-inc-ssd-major-shareholder-sharon-h-simpson-sells-27215-shares.html.

Simpson Manufacturing Company Profile

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)

Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit