Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Michael Andersen Sells 1,000 Shares

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 value of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded down $5.40 during trading on Thursday, reaching $163.44. 181,740 shares of the stock were exchanged, compared to its average volume of 256,862. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. The stock has a 50-day moving average price of $167.22 and a 200-day moving average price of $177.93. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.89 billion, a PE ratio of 21.51 and a beta of 1.35.

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

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On Simpson Manufacturing

A number of hedge funds have recently bought and sold shares of SSD. Champlain Investment Partners LLC acquired a new position in shares of Simpson Manufacturing during the 3rd quarter worth approximately $16,060,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing during the fourth quarter worth approximately $591,000. US Bancorp DE grew its position in Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares in the last quarter. International Assets Investment Management LLC increased its stake in Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after acquiring an additional 5,863 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

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.