Simpson Manufacturing Company, Inc. (NYSE:SSD) major shareholder Sharon H. Simpson sold 70,582 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $49.41, for a total transaction of $3,487,456.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $263.00 million for the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. Simpson Manufacturing’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
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Large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC boosted its stake in Simpson Manufacturing by 62.3% in the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock valued at $114,000 after buying an additional 996 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Simpson Manufacturing in the second quarter valued at about $148,000. Ameritas Investment Partners Inc. acquired a new stake in Simpson Manufacturing in the first quarter valued at about $154,000. Verity Asset Management Inc. acquired a new stake in Simpson Manufacturing in the second quarter valued at about $205,000. Finally, Victory Capital Management Inc. boosted its stake in Simpson Manufacturing by 49.8% in the first quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock valued at $220,000 after buying an additional 1,693 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on SSD shares. BidaskClub upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
Simpson Manufacturing Company Profile
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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