Simpson Manufacturing Co., Inc. (NYSE: SSD) saw significant growth in short-term interest during the month of December. As of December 15, there was short interest totaling 768,500 shares, an increase of 23.6% from the November 30 total of 621,900 shares. About 1.8% of stocks are sold short. Based on an average daily volume of 173,500 shares, the short-term interest rate is currently 4.4 days.
Meanwhile, CEO Karen Winifred Colonias sold 15,000 shares of the company in a transaction on Monday, November 8. The stock was sold for an average price of $ 120.91, for a total value of $ 1,813,650.00. The sale was disclosed in a filing with the SEC, which is available through this link. Additionally, CFO Brian J. Magstadt sold 2,000 shares of the company in a trade on Wednesday, December 15. The shares were sold for an average price of $ 128.00, for a total value of $ 256,000.00. Disclosure of this sale can be found here. Insiders have sold 24,800 shares of the company valued at $ 2,978,217 in the past three months. 0.60% of the shares are held by insiders.
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Simpson Manufacturing by 7.0% during the second quarter. AQR Capital Management LLC now owns 155,425 shares of the construction company valued at $ 16,988,000 after purchasing an additional 10,159 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Simpson Manufacturing by 1.0% in the second quarter. Eagle Asset Management Inc. now owns 140,192 shares of the construction company valued at $ 15,482,000 after acquiring an additional 1,350 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in Simpson Manufacturing by 1.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,379,305 shares of the construction company valued at $ 147,544,000 after acquiring an additional 16,137 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Simpson Manufacturing by 18.8% in the second quarter. Ensign Peak Advisors Inc now owns 34,787 shares of the construction company valued at $ 3,842,000 after acquiring an additional 5,500 shares during the last quarter. Finally, NFJ Investment Group LLC increased its stake in Simpson Manufacturing by 16.1% in the second quarter. NFJ Investment Group LLC now owns 29,075 shares of the construction company valued at $ 3,211,000 after acquiring 4,035 additional shares in the last quarter. Institutional investors hold 87.72% of the shares of the company.
The NYSE SSD traded at $ 3.18 during Friday trading hours, reaching $ 131.46. 141,997 shares of the company were traded, for an average volume of 222,779. The company’s 50-day moving average is $ 125.91 and its 200-day moving average is $ 116.11. Simpson Manufacturing has a 12 month low of $ 91.90 and a 12 month high of $ 141.26. The company has a market cap of $ 5.71 billion, a P / E ratio of 25.28 and a beta of 1.22.
Simpson Manufacturing (NYSE: SSD) last released its results on Sunday, October 24. The construction company reported earnings per share (EPS) of $ 1.70 for the quarter, missing Zacks’ consensus estimate of $ 1.77 ($ 0.07). The company posted revenue of $ 396.74 million for the quarter, compared to $ 447.72 million expected by analysts. Simpson Manufacturing had a return on equity of 21.52% and a net margin of 15.62%. The company’s revenue for the quarter increased 8.9% from the same quarter last year. In the same quarter of the previous year, the company posted EPS of $ 1.54. On average, research analysts predict Simpson Manufacturing will post 5.47 EPS for the current fiscal year.
The company also recently unveiled a quarterly dividend, which will be paid on Thursday, January 27. Shareholders of record on Thursday, January 6 will receive a dividend of $ 0.25 per share. The ex-dividend date for this dividend is Wednesday January 5. This represents an annualized dividend of $ 1.00 and a return of 0.76%. Simpson Manufacturing’s dividend payout ratio is currently 19.23%.
Several analysts recently published reports on the company. DA Davidson raised its price target on Simpson Manufacturing from $ 120.00 to $ 142.00 in a research report released Wednesday. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “buy” rating and set a target price of $ 150.00 on the stock in a research report released Friday. Finally, Robert W. Baird raised his price target on Simpson Manufacturing from $ 135.00 to $ 146.00 in a research report released Wednesday.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc manufactures and markets building and construction solutions. It offers wood construction products that include connectors, truss plates, fastening systems and side systems primarily used to reinforce, support and connect wood applications in residential and commercial construction, as well as construction projects. do-it-yourself ; and concrete construction products such as anchors; and repair, protection and reinforcement products for concrete, brick and masonry applications in industrial, infrastructure, residential, commercial and DYI projects.
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