Simpson Manufacturing Co, Inc. (SSD) Major Shareholder Sells $4,476,078.84 in Stock
Simpson Manufacturing Co, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 76,803 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $58.28, for a total value of $4,476,078.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Simpson Manufacturing Co, Inc. (NYSE SSD) opened at $57.66 on Friday. Simpson Manufacturing Co, Inc. has a 12 month low of $39.82 and a 12 month high of $61.62. The firm has a market capitalization of $2,748.45, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 6.20 and a beta of 1.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.58%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pinebridge Investments L.P. grew its stake in Simpson Manufacturing by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,337 shares of the construction company’s stock valued at $233,000 after purchasing an additional 53 shares in the last quarter. Arizona State Retirement System grew its stake in Simpson Manufacturing by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 21,164 shares of the construction company’s stock valued at $925,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank grew its stake in Simpson Manufacturing by 2.0% during the 2nd quarter. Amalgamated Bank now owns 5,591 shares of the construction company’s stock valued at $244,000 after purchasing an additional 112 shares in the last quarter. M&T Bank Corp grew its stake in Simpson Manufacturing by 2.6% during the 2nd quarter. M&T Bank Corp now owns 15,110 shares of the construction company’s stock valued at $661,000 after purchasing an additional 385 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Simpson Manufacturing by 2.5% during the 2nd quarter. First Trust Advisors LP now owns 27,356 shares of the construction company’s stock valued at $1,196,000 after purchasing an additional 676 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
SSD has been the subject of a number of recent analyst reports. Robert W. Baird restated a “hold” rating and set a $46.00 price objective on shares of Simpson Manufacturing in a research note on Friday, October 20th. DA Davidson upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st.
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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.
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