Simpson Manufacturing Co., Inc. (NYSE:SSD) Director Sells $89,375.00 in Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD) Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Simpson Manufacturing Trading Up 1.0 %

SSD opened at $183.06 on Friday. The company’s 50 day moving average price is $177.32 and its two-hundred day moving average price is $182.19. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.94 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing the consensus estimate 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 revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 EPS. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.04%.

Institutional Trading of Simpson Manufacturing

Several institutional investors have recently added to or reduced their stakes in SSD. EntryPoint Capital LLC bought a new position in Simpson Manufacturing during the 1st quarter worth approximately $29,000. Rise Advisors LLC bought a new position in Simpson Manufacturing during the first quarter worth $37,000. Headlands Technologies LLC acquired a new position in Simpson Manufacturing in the fourth quarter valued at $37,000. GAMMA Investing LLC bought a new stake in Simpson Manufacturing during the fourth quarter valued at $35,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Simpson Manufacturing by 550.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock worth $45,000 after acquiring an additional 187 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Company Profile

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.