Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Sells $169,980.00 in Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Michael Andersen sold 1,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $164.14 on Friday. The stock has a market capitalization of $6.92 billion, a P/E ratio of 21.60 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The business’s 50 day simple moving average is $167.03 and its two-hundred day simple moving average is $177.81.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $73,758,000. Riverbridge Partners LLC purchased a new stake in Simpson Manufacturing in the fourth quarter worth $58,414,000. FMR LLC boosted its holdings in Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after acquiring an additional 333,390 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Simpson Manufacturing during the 4th quarter valued at $54,644,000. Finally, Ameriprise Financial Inc. raised its holdings in Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company’s stock worth $96,405,000 after purchasing an additional 275,989 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

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.