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 stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Simpson Manufacturing Stock Up 0.3 %

Shares of NYSE:SSD opened at $164.14 on Friday. The stock’s 50-day moving average price is $167.03 and its two-hundred day moving average price is $177.78. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 21.60 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 14.74%.

Analysts Set New Price Targets

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

Institutional Trading of Simpson Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. Champlain Investment Partners LLC acquired a new stake in Simpson Manufacturing in the 3rd quarter worth about $16,060,000. Diversified Trust Co acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $591,000. US Bancorp DE lifted its stake in shares of Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after purchasing an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 6,585 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

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.