Insider Selling: Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Sells 1,000 Shares of Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jennifer Lutz also recently made the following trade(s):

• On Monday, May 20th, Jennifer Lutz sold 750 shares of Simpson Manufacturing stock. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD opened at $176.24 on Friday. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 22.09 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $174.04 and a 200 day moving average of $182.66.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). The business had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $2.50 EPS. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.04%.

Hedge Funds Weigh In On Simpson Manufacturing

A number of large investors have recently bought and sold shares of SSD. Vanguard Group Inc. grew its holdings in Simpson Manufacturing by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Simpson Manufacturing by 1.4% in the second quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock worth $235,551,000 after purchasing an additional 19,312 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Simpson Manufacturing by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock worth $159,343,000 after purchasing an additional 39,803 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in Simpson Manufacturing by 3.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company’s stock worth $179,918,000 after purchasing an additional 27,490 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock worth $101,928,000 after purchasing an additional 8,535 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SSD shares. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th.

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.