Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Roger Dankel Sells 850 Shares

Simpson Manufacturing Co., Inc. (NYSE:SSDGet Free Report) EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Roger Dankel also recently made the following trade(s):

  • On Monday, January 22nd, Roger Dankel sold 850 shares of Simpson Manufacturing stock. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $201.86 on Friday. The stock’s fifty day moving average is $194.34 and its 200-day moving average is $172.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63. The stock has a market capitalization of $8.57 billion, a PE ratio of 24.44 and a beta of 1.31. Simpson Manufacturing Co., Inc. has a 52 week low of $101.74 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSDGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The firm had revenue of $501.70 million during the quarter, compared to the consensus estimate of $482.98 million. During the same quarter in the prior year, the business earned $1.35 EPS. Simpson Manufacturing’s revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s payout ratio is 13.08%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their target price on Simpson Manufacturing from $198.00 to $205.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th.

Read Our Latest Analysis on SSD

Institutional Investors Weigh In On Simpson Manufacturing

A number of hedge funds have recently modified their holdings of SSD. 1832 Asset Management L.P. acquired a new stake in shares of Simpson Manufacturing during the first quarter worth about $27,000. Contravisory Investment Management Inc. acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $29,000. Quantbot Technologies LP acquired a new stake in shares of Simpson Manufacturing during the first quarter worth about $30,000. Arlington Trust Co LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth about $31,000. Finally, GAMMA Investing LLC bought a new position in shares of Simpson Manufacturing during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 89.45% of the company’s stock.

Simpson Manufacturing Company Profile

(Get Free Report)

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.

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