Simpson Manufacturing Co. (NYSE:SSD) COO Ricardo M. Arevalo sold 3,437 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $44.40, for a total value of $152,602.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Simpson Manufacturing Co. (NYSE:SSD) opened at 44.47 on Wednesday. Simpson Manufacturing Co. has a 52-week low of $30.25 and a 52-week high of $45.39. The firm’s 50-day moving average is $43.18 and its 200 day moving average is $39.78. The firm has a market capitalization of $2.15 billion, a P/E ratio of 27.45 and a beta of 1.49.
Simpson Manufacturing (NYSE:SSD) last released its earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The firm earned $230 million during the quarter, compared to analyst estimates of $227.12 million. During the same quarter in the previous year, the business earned $0.43 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts anticipate that Simpson Manufacturing Co. will post $1.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Saturday, October 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio (DPR) is 44.44%.
Several institutional investors have recently made changes to their positions in SSD. Norges Bank purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $11,492,000. Alpha Windward LLC purchased a new position in shares of Simpson Manufacturing during the first quarter valued at about $449,000. Granite Investment Partners LLC raised its position in shares of Simpson Manufacturing by 4.0% in the first quarter. Granite Investment Partners LLC now owns 34,161 shares of the company’s stock valued at $1,304,000 after buying an additional 1,300 shares during the period. Commonwealth Equity Services Inc raised its position in shares of Simpson Manufacturing by 1.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,189 shares of the company’s stock valued at $313,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC raised its position in shares of Simpson Manufacturing by 2.3% in the first quarter. Aperio Group LLC now owns 10,440 shares of the company’s stock valued at $398,000 after buying an additional 236 shares during the period. 81.48% of the stock is owned by institutional investors.
Several analysts recently issued reports on the company. Sidoti assumed coverage on Simpson Manufacturing in a report on Friday, September 9th. They set a “neutral” rating for the company. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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