Sharon H. Simpson Sells 54,379 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock

Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 54,379 shares of Simpson Manufacturing stock in a transaction on Friday, January 5th. The stock was sold at an average price of $57.61, for a total transaction of $3,132,774.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Simpson Manufacturing Co, Inc. (SSD) traded down $0.02 on Friday, reaching $58.90. 178,426 shares of the company traded hands, compared to its average volume of 232,636. The company has a market cap of $2,730.00, a PE ratio of 29.01, a P/E/G ratio of 4.63 and a beta of 1.53. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders 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 annualized dividend and a yield of 1.43%. Simpson Manufacturing’s payout ratio is currently 41.38%.

A number of equities analysts have recently weighed in on the stock. Sidoti assumed coverage on shares of Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target on the stock. DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Simpson Manufacturing in a research report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $60.00.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in Simpson Manufacturing by 10.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock valued at $70,977,000 after buying an additional 153,164 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Simpson Manufacturing by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,750,714 shares of the construction company’s stock valued at $76,524,000 after buying an additional 7,080 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in Simpson Manufacturing by 13.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,203,520 shares of the construction company’s stock valued at $59,021,000 after buying an additional 138,960 shares during the last quarter. Royce & Associates LP increased its stake in Simpson Manufacturing by 6.8% in the 3rd quarter. Royce & Associates LP now owns 792,625 shares of the construction company’s stock valued at $38,870,000 after buying an additional 50,380 shares during the last quarter. Finally, Nuance Investments LLC increased its stake in Simpson Manufacturing by 10.8% in the 3rd quarter. Nuance Investments LLC now owns 153,932 shares of the construction company’s stock valued at $7,549,000 after buying an additional 15,047 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

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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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