Philip Donaldson Sells 2,375 Shares of Simpson Manufacturing (NYSE:SSD) Stock

Simpson Manufacturing Company, Inc. (NYSE:SSD) Director Philip Donaldson sold 2,375 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $168.16, for a total value of $399,380.00. Following the transaction, the director directly owned 6,086 shares in the company, valued at $1,023,421.76. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Simpson Manufacturing Price Performance

SSD stock traded down $0.44 during trading on Monday, hitting $169.03. The company had a trading volume of 200,290 shares, compared to its average volume of 279,958. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The company has a current ratio of 3.35, a quick ratio of 1.88 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 20.59 and a beta of 1.36. The business has a 50 day moving average of $169.62 and a 200 day moving average of $171.81.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.37 by $0.21. The business had revenue of $623.51 million during the quarter, compared to analysts’ expectations of $607.79 million. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 EPS. As a group, research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Friday, January 2nd will be issued a $0.29 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.13%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SSD shares. DA Davidson restated a “neutral” rating and issued a $190.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. Finally, Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Simpson Manufacturing currently has an average rating of “Hold” and a consensus price target of $201.00.

Institutional Trading of Simpson Manufacturing

A number of institutional investors have recently made changes to their positions in SSD. LPL Financial LLC boosted its holdings in Simpson Manufacturing by 2.5% in the first quarter. LPL Financial LLC now owns 10,157 shares of the construction company’s stock valued at $1,596,000 after acquiring an additional 244 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Simpson Manufacturing by 11.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,824 shares of the construction company’s stock worth $286,000 after purchasing an additional 181 shares during the last quarter. Deutsche Bank AG increased its holdings in Simpson Manufacturing by 102.3% in the 1st quarter. Deutsche Bank AG now owns 7,199 shares of the construction company’s stock worth $1,131,000 after buying an additional 3,640 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Simpson Manufacturing during the 1st quarter valued at about $15,567,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Simpson Manufacturing by 101.1% during the 1st quarter. HighTower Advisors LLC now owns 15,449 shares of the construction company’s stock valued at $2,427,000 after buying an additional 7,766 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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.