Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 89,410 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $58.74, for a total value of $5,251,943.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Simpson Manufacturing Co, Inc. (NYSE SSD) traded up $0.70 during trading on Friday, reaching $59.48. The company had a trading volume of 234,788 shares, compared to its average volume of 179,747. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62. The firm has a market cap of $2,781.10, a price-to-earnings ratio of 31.95, a PEG ratio of 4.69 and a beta of 1.52.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 30th. The construction company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). Simpson Manufacturing had a net margin of 10.25% and a return on equity of 9.92%. sell-side analysts predict that Simpson Manufacturing Co, Inc. will post 1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is presently 41.58%.

A number of equities research analysts have recently commented on SSD shares. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Simpson Manufacturing in a research report on Friday, October 20th. DA Davidson lowered Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Thursday, December 14th. Finally, Sidoti started coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Simpson Manufacturing currently has a consensus rating of “Hold” and a consensus target price of $60.00.

A number of institutional investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. raised its position in Simpson Manufacturing by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,337 shares of the construction company’s stock valued at $233,000 after buying an additional 53 shares during the last quarter. Amalgamated Bank raised its position in Simpson Manufacturing by 2.0% in the 2nd quarter. Amalgamated Bank now owns 5,591 shares of the construction company’s stock valued at $244,000 after buying an additional 112 shares during the last quarter. M&T Bank Corp raised its position in Simpson Manufacturing by 2.6% in the 2nd quarter. M&T Bank Corp now owns 15,110 shares of the construction company’s stock valued at $661,000 after buying an additional 385 shares during the last quarter. Profund Advisors LLC raised its position in Simpson Manufacturing by 9.7% in the 2nd quarter. Profund Advisors LLC now owns 7,804 shares of the construction company’s stock valued at $341,000 after buying an additional 693 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Simpson Manufacturing by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,993 shares of the construction company’s stock valued at $262,000 after buying an additional 898 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

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About Simpson Manufacturing

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 pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

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