Simpson Manufacturing Co, Inc. (SSD) Insider Psb Fund Simpson Sells 3,665 Shares

Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 3,665 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $57.20, for a total value of $209,638.00. Following the completion of the transaction, the insider now owns 719,269 shares in the company, valued at $41,142,186.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Psb Fund Simpson also recently made the following trade(s):

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  • On Thursday, March 29th, Psb Fund Simpson sold 42,419 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.68, for a total value of $2,446,727.92.
  • On Tuesday, March 27th, Psb Fund Simpson sold 14,655 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.27, for a total value of $839,291.85.
  • On Tuesday, February 27th, Psb Fund Simpson sold 42,038 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.65, for a total value of $2,423,490.70.
  • On Friday, April 6th, Psb Fund Simpson sold 253,749 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.64, for a total value of $14,626,092.36.

Shares of Simpson Manufacturing stock traded down $1.23 during trading on Friday, hitting $56.82. 157,041 shares of the stock traded hands, compared to its average volume of 209,423. The firm has a market capitalization of $2,710.05, a PE ratio of 32.43, a price-to-earnings-growth ratio of 4.36 and a beta of 1.48. Simpson Manufacturing Co, Inc. has a 52 week low of $39.82 and a 52 week high of $61.62.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 5th. The construction company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.10). The firm had revenue of $231.68 million for the quarter, compared to the consensus estimate of $224.47 million. Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. Simpson Manufacturing’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. analysts expect that Simpson Manufacturing Co, Inc. will post 2.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 42.42%.

Institutional investors have recently made changes to their positions in the company. Profund Advisors LLC grew its position in Simpson Manufacturing by 17.5% during the 4th quarter. Profund Advisors LLC now owns 6,266 shares of the construction company’s stock worth $360,000 after acquiring an additional 934 shares during the last quarter. California Public Employees Retirement System grew its position in Simpson Manufacturing by 1.3% during the 4th quarter. California Public Employees Retirement System now owns 86,260 shares of the construction company’s stock worth $4,952,000 after acquiring an additional 1,072 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Simpson Manufacturing by 6.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 1,100 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Simpson Manufacturing by 21.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,534 shares of the construction company’s stock worth $375,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in Simpson Manufacturing by 22.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,698 shares of the construction company’s stock worth $385,000 after acquiring an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

A number of brokerages have weighed in on SSD. DA Davidson lowered Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and set a $64.00 price objective on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Friday, February 9th. Finally, Sidoti assumed coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Simpson Manufacturing currently has an average rating of “Hold” and an average price target of $63.75.

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Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

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