Psb Fund Simpson Sells 42,419 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock

Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Psb Fund Simpson sold 42,419 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $57.68, for a total value of $2,446,727.92. Following the transaction, the insider now directly owns 719,269 shares in the company, valued at approximately $41,487,435.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

How to Become a New Pot Stock Millionaire
  • On Monday, April 2nd, Psb Fund Simpson sold 3,665 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.20, for a total value of $209,638.00.
  • 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.

SSD stock opened at $56.82 on Friday. The company has a market cap of $2,710.05, a P/E 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 1-year low of $39.82 and a 1-year high of $61.62.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, April 4th. Simpson Manufacturing’s payout ratio is presently 42.42%.

Hedge funds have recently bought and sold shares of the stock. Royce & Associates LP increased its holdings in shares of Simpson Manufacturing by 6.8% during the 3rd quarter. Royce & Associates LP now owns 792,625 shares of the construction company’s stock worth $38,870,000 after acquiring an additional 50,380 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Simpson Manufacturing by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,428,396 shares of the construction company’s stock worth $82,005,000 after acquiring an additional 120,489 shares during the last quarter. Shelton Capital Management acquired a new position in Simpson Manufacturing in the 4th quarter valued at $209,000. Baker Avenue Asset Management LP grew its holdings in Simpson Manufacturing by 360.2% in the 4th quarter. Baker Avenue Asset Management LP now owns 988,367 shares of the construction company’s stock valued at $56,742,000 after buying an additional 773,587 shares in the last quarter. Finally, HAP Trading LLC acquired a new position in Simpson Manufacturing in the 4th quarter valued at $1,330,000. 88.51% of the stock is currently owned by institutional investors and hedge funds.

SSD has been the topic of several recent analyst reports. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Friday, February 9th. Robert W. Baird reaffirmed a “buy” rating and set a $64.00 price target on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Sidoti initiated coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target on the stock. Finally, DA Davidson lowered Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.75.

COPYRIGHT VIOLATION WARNING: “Psb Fund Simpson Sells 42,419 Shares of Simpson Manufacturing Co, Inc. (SSD) Stock” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3340094/psb-fund-simpson-sells-42419-shares-of-simpson-manufacturing-co-inc-ssd-stock.html.

About Simpson Manufacturing

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)

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.

Latest News

Analyzing Superior Uniform Group  & Lululemon Athletica
Analyzing Superior Uniform Group & Lululemon Athletica
Financial Contrast: Aaron’s  and Its Peers
Financial Contrast: Aaron’s and Its Peers
Emerge Energy Services  Receives $13.14 Consensus PT from Brokerages
Emerge Energy Services Receives $13.14 Consensus PT from Brokerages
Zacks: Analysts Anticipate Key Energy Services  to Announce -$1.24 Earnings Per Share
Zacks: Analysts Anticipate Key Energy Services to Announce -$1.24 Earnings Per Share
Brokerages Set ARRIS Group Inc.  Target Price at $33.43
Brokerages Set ARRIS Group Inc. Target Price at $33.43
Selfkey 24 Hour Trading Volume Tops $544,359.00
Selfkey 24 Hour Trading Volume Tops $544,359.00


© 2006-2018 Ticker Report. Google+.