Simpson Manufacturing Co., Inc. (NYSE:SSD) EVP Roger Dankel Sells 2,500 Shares of Stock

Posted by on Aug 9th, 2023

Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Free Report) EVP Roger Dankel sold 2,500 shares of Simpson Manufacturing stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $155.00, for a total value of $387,500.00. Following the transaction, the executive vice president now owns 32,202 shares in the company, valued at $4,991,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Roger Dankel also recently made the following trade(s):

  • On Friday, June 9th, Roger Dankel sold 2,000 shares of Simpson Manufacturing stock. The stock was sold at an average price of $129.31, for a total value of $258,620.00.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $155.59 on Wednesday. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 19.55 and a beta of 1.24. The stock’s 50-day moving average is $139.84 and its 200-day moving average is $121.83. Simpson Manufacturing Co., Inc. has a one year low of $75.25 and a one year high of $166.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.45 and a quick ratio of 2.14.

Simpson Manufacturing (NYSE:SSD – Get Free Report) last issued its quarterly earnings results on Monday, July 24th. The construction company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.37. Simpson Manufacturing had a return on equity of 23.45% and a net margin of 15.78%. The company had revenue of $597.60 million for the quarter, compared to analyst estimates of $553.23 million. During the same period in the previous year, the company posted $2.16 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.22 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.08 annualized dividend and a yield of 0.69%. Simpson Manufacturing’s payout ratio is presently 13.57%.

Analyst Ratings Changes

Several research firms have weighed in on SSD. StockNews.com began coverage on Simpson Manufacturing in a report on Thursday, May 18th. They set a “buy” rating on the stock. Robert W. Baird lifted their target price on Simpson Manufacturing from $176.00 to $190.00 in a report on Tuesday, July 25th. Finally, DA Davidson boosted their price target on Simpson Manufacturing from $135.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, July 25th.

Read Our Latest Stock Report on SSD

Institutional Trading of Simpson Manufacturing

Several institutional investors and hedge funds have recently bought and sold shares of SSD. 1832 Asset Management L.P. bought a new stake in Simpson Manufacturing during the first quarter worth about $27,000. Quantbot Technologies LP bought a new stake in Simpson Manufacturing during the first quarter worth about $30,000. Signaturefd LLC increased its position in Simpson Manufacturing by 276.4% during the first quarter. Signaturefd LLC now owns 271 shares of the construction company’s stock worth $30,000 after buying an additional 199 shares during the last quarter. Quadrant Capital Group LLC increased its position in Simpson Manufacturing by 55.1% during the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the construction company’s stock worth $32,000 after buying an additional 130 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Simpson Manufacturing during the first quarter worth approximately $35,000. Institutional investors own 89.95% of the company’s stock.

Simpson Manufacturing Company Profile

(Get Free Report)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

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