Psb Fund Simpson Sells 110,329 Shares of Simpson Manufacturing (SSD) Stock

Simpson Manufacturing (NYSE:SSD) insider Psb Fund Simpson sold 110,329 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $57.35, for a total transaction of $6,327,368.15. Following the completion of the transaction, the insider now owns 467,224 shares in the company, valued at $26,795,296.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Psb Fund Simpson also recently made the following trade(s):

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  • On Monday, April 9th, Psb Fund Simpson sold 200 shares of Simpson Manufacturing stock. The shares were sold at an average price of $57.05, for a total transaction of $11,410.00.
  • On Monday, April 2nd, Psb Fund Simpson sold 3,665 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.20, for a total transaction of $209,638.00.
  • On Thursday, March 29th, Psb Fund Simpson sold 42,419 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.68, for a total transaction of $2,446,727.92.
  • On Tuesday, March 27th, Psb Fund Simpson sold 14,655 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.27, for a total transaction of $839,291.85.
  • On Tuesday, February 27th, Psb Fund Simpson sold 42,038 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.65, for a total transaction of $2,423,490.70.
  • On Friday, April 6th, Psb Fund Simpson sold 253,749 shares of Simpson Manufacturing stock. The stock was sold at an average price of $57.64, for a total transaction of $14,626,092.36.

Shares of SSD opened at $56.14 on Friday. The company has a market cap of $2,683.44, a PE ratio of 28.33, a price-to-earnings-growth ratio of 4.32 and a beta of 1.48. Simpson Manufacturing has a 12-month low of $39.82 and a 12-month high of $61.62.



Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10). The business had revenue of $231.68 million for the quarter, compared to analysts’ expectations of $224.47 million. Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. research analysts predict that Simpson Manufacturing will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio is presently 42.42%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Simpson Manufacturing by 3.4% during the fourth quarter. BlackRock Inc. now owns 5,640,565 shares of the construction company’s stock worth $323,825,000 after purchasing an additional 184,669 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Simpson Manufacturing by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,778,840 shares of the construction company’s stock worth $87,234,000 after purchasing an additional 28,126 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Simpson Manufacturing by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,428,396 shares of the construction company’s stock worth $82,005,000 after purchasing an additional 120,489 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of Simpson Manufacturing by 13.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,359,480 shares of the construction company’s stock worth $78,048,000 after purchasing an additional 155,960 shares during the period. Finally, Baker Avenue Asset Management LP lifted its holdings in shares of Simpson Manufacturing by 360.2% during the fourth quarter. Baker Avenue Asset Management LP now owns 988,367 shares of the construction company’s stock worth $56,742,000 after purchasing an additional 773,587 shares during the period. 88.51% of the stock is owned by hedge funds and other institutional investors.

SSD has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, February 9th. Robert W. Baird restated a “buy” rating and set a $64.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Finally, Sidoti initiated coverage on shares of Simpson Manufacturing in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Simpson Manufacturing presently has an average rating of “Hold” and a consensus price target of $63.75.

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About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

Insider Buying and Selling by Quarter for Simpson Manufacturing (NYSE:SSD)

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