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.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://ledgergazette.com/2018/01/12/simpson-manufacturing-co-inc-ssd-major-shareholder-sharon-h-simpson-sells-54379-shares.html.
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.
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.