Simpson Manufacturing Co., Inc. (NYSE: SSD – Get Rating) Chief Financial Officer Brian J. Magstadt sold 2,500 shares of the company in a trade dated Wednesday, August 10. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the CFO now directly owns 20,047 shares of the company, valued at $2,004,700. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink.
Simpson manufacturing inventory up 1.5%
Shares of Simpson Manufacturing rose $1.56 during Friday trading, hitting $104.54. The company had a trading volume of 164,108 shares, compared to an average volume of 195,586. The company has a leverage ratio of 0.52, a quick ratio of 1.84 and a current ratio of 3.33. Simpson Manufacturing Co., Inc. has a fifty-two week low of $87.73 and a fifty-two week high of $141.26. The company’s fifty-day moving average is $102.15 and its 200-day moving average is $107.77. The company has a market capitalization of $4.51 billion, a price-earnings ratio of 13.65 and a beta of 1.15.
Simpson Manufacturing (NYSE:SSD – Get Rating) last reported quarterly earnings data on Monday, July 25. The construction company reported earnings per share (EPS) of $2.16 for the quarter, beating the consensus estimate of $2.01 by $0.15. The company posted revenue of $593.23 million for the quarter, versus $579.84 million expected by analysts. Simpson Manufacturing had a return on equity of 27.51% and a net margin of 17.44%. Simpson Manufacturing’s revenue for the quarter increased 44.6% over the same quarter last year. In the same quarter a year earlier, the company posted earnings of $1.66 per share. On average, analysts expect Simpson Manufacturing Co., Inc. to post EPS of 7.35 for the current year.
Simpson Manufacturing Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27. Shareholders of record on Thursday, October 6 will receive a dividend of $0.26. This represents a dividend of $1.04 on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, October 5. Simpson Manufacturing’s dividend payout ratio is currently 13.59%.
Simpson Manufacturing Institutional Trade
Institutional investors and hedge funds have recently changed their stakes in the company. Wellington Shields & Co. LLC purchased a new equity stake in Simpson Manufacturing during Q2 valued at approximately $215,000. Edgestream Partners LP increased its holdings of Simpson Manufacturing shares by 31.0% during the second quarter. Edgestream Partners LP now owns 14,373 shares of the construction company valued at $1,446,000 after buying 3,400 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Simpson Manufacturing shares by 59.2% during the second quarter. BNP Paribas Arbitrage SA now owns 15,786 shares in the construction company valued at $1,588,000 after buying an additional 5,872 shares in the last quarter. Rhumbline Advisers increased its position in Simpson Manufacturing shares by 7.3% during the second quarter. Rhumbline Advisers now owns 146,710 shares of the construction company worth $14,760,000 after purchasing an additional 9,989 shares during the period. Finally, AlphaCrest Capital Management LLC increased its equity stake in Simpson Manufacturing by 171.5% in the second quarter. AlphaCrest Capital Management LLC now owns 5,743 shares of the construction company worth $578,000 after buying 3,628 additional shares in the last quarter. 91.44% of the shares are held by institutional investors and hedge funds.
A Wall Street analyst gives his opinion
Several research analysts have recently commented on SSD stocks. Robert W. Baird raised his price target on Simpson Manufacturing from $136.00 to $145.00 in a Tuesday, April 26 research note. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a Thursday, Aug. 4, research report.
About Simpson Manufacturing
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Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures and sells wood and concrete building products. The Company offers wood building products, including connectors, truss plates, fastening systems, fasteners and shear walls, as well as pre-engineered lateral systems for use in light frame construction; and concrete construction products including adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder-actuated tools, fiber-reinforced materials and other repair products for use in concrete construction concrete, masonry and steel, and grouts, coatings, sealants, mortars, fiberglass and fiber reinforced polymer systems, and asphalt products for the repair of concrete construction, and reinforcing products and protection.
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