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

Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated 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 transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $164.14 on Friday. The stock’s 50 day moving average price is $167.03 and its 200 day moving average price is $177.78. The firm has a market capitalization of $6.92 billion, a PE ratio of 21.60 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Simpson Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in the business. Investment Management Corp VA ADV purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at approximately $28,000. Burgundy Asset Management Ltd. boosted its stake in shares of Simpson Manufacturing by 1.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company’s stock valued at $104,545,000 after buying an additional 10,940 shares during the last quarter. Novem Group purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at approximately $695,000. Voloridge Investment Management LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at approximately $11,940,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at approximately $253,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Company Profile

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.