Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Roger Dankel sold 1,300 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $59.01, for a total transaction of $76,713.00. Following the transaction, the insider now directly owns 60 shares of the company’s stock, valued at approximately $3,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Simpson Manufacturing Co, Inc. (NYSE:SSD) traded down $0.61 during mid-day trading on Wednesday, reaching $58.43. 202,200 shares of the company traded hands, compared to its average volume of 215,157. The firm has a market capitalization of $2,793.40, a P/E ratio of 32.09, a P/E/G ratio of 6.30 and a beta of 1.52. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s payout ratio is currently 41.58%.
A number of hedge funds have recently bought and sold shares of SSD. Janus Henderson Group PLC acquired a new stake in Simpson Manufacturing in the second quarter worth about $72,714,000. Deprince Race & Zollo Inc. acquired a new stake in Simpson Manufacturing in the second quarter worth about $18,828,000. Franklin Resources Inc. lifted its holdings in Simpson Manufacturing by 11.0% in the second quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock worth $131,584,000 after purchasing an additional 297,244 shares during the period. Russell Investments Group Ltd. acquired a new stake in Simpson Manufacturing in the second quarter worth about $8,576,000. Finally, Wells Fargo & Company MN lifted its holdings in Simpson Manufacturing by 10.4% in the second quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock worth $70,977,000 after purchasing an additional 153,164 shares during the period. 84.57% of the stock is owned by institutional investors and hedge funds.
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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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