Simpson Manufacturing Company, Inc. (NYSE:SSD) EVP Jeremy Gilstrap Sells 2,500 Shares of Stock

Simpson Manufacturing Company, Inc. (NYSE:SSD) EVP Jeremy Gilstrap sold 2,500 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares in the company, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $180.44 on Tuesday. The stock’s 50-day moving average is $161.47 and its two-hundred day moving average is $160.16. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 23.01 and a beta of 1.26. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.08. The company had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.31 earnings per share. Analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Hedge Funds Weigh In On Simpson Manufacturing

Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth about $28,000. Investment Management Corp VA ADV purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in shares of Simpson Manufacturing during the second quarter worth about $31,000. Harbor Capital Advisors Inc. purchased a new position in shares of Simpson Manufacturing during the first quarter worth about $45,000. Finally, CWM LLC grew its holdings in shares of Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price target on Simpson Manufacturing from $180.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, July 29th.

About Simpson Manufacturing

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.