Simpson Manufacturing Co. (SSD) Shares Down 2.7%
Simpson Manufacturing Co. (NYSE:SSD) shares were down 2.7% on Friday . The stock traded as low as $39.45 and last traded at $40.43, with a volume of 114,245 shares traded. The stock had previously closed at $41.54.
Separately, Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th.
The company has a market capitalization of $1.97 billion and a PE ratio of 26.82. The firm has a 50-day moving average of $39.98 and a 200-day moving average of $37.02.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $230 million for the quarter, compared to analysts’ expectations of $227.12 million. During the same period in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts forecast that Simpson Manufacturing Co. will post $1.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Saturday, October 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, October 5th.
In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 48,083 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $38.07, for a total transaction of $1,830,519.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Psb Fund Simpson sold 2,420 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $38.16, for a total transaction of $92,347.20. Following the transaction, the insider now directly owns 1,625,850 shares in the company, valued at $62,042,436. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have modified their holdings of SSD. Marshall Wace LLP acquired a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $9,667,000. Whittier Trust Co. increased its position in shares of Simpson Manufacturing by 1.1% in the fourth quarter. Whittier Trust Co. now owns 32,060 shares of the company’s stock valued at $1,095,000 after buying an additional 334 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Simpson Manufacturing by 6.4% in the fourth quarter. Principal Financial Group Inc. now owns 279,516 shares of the company’s stock valued at $9,546,000 after buying an additional 16,805 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Simpson Manufacturing by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 933,608 shares of the company’s stock valued at $31,883,000 after buying an additional 36,746 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Simpson Manufacturing by 104.3% in the fourth quarter. Morgan Stanley now owns 37,225 shares of the company’s stock valued at $1,271,000 after buying an additional 19,005 shares during the last quarter.
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and lateral systems used in light-frame construction. The Company also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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