Simpson Manufacturing Co, Inc. (NYSE:SSD) insider Roger Dankel sold 2,200 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $59.75, for a total transaction of $131,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:SSD opened at $63.76 on Tuesday. The firm has a market capitalization of $2.86 billion, a PE ratio of 22.06, a P/E/G ratio of 4.04 and a beta of 1.54. Simpson Manufacturing Co, Inc. has a one year low of $49.54 and a one year high of $78.36.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, April 29th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). The company had revenue of $259.20 million during the quarter, compared to the consensus estimate of $255.80 million. Simpson Manufacturing had a return on equity of 15.05% and a net margin of 11.59%. Simpson Manufacturing’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. On average, equities research analysts expect that Simpson Manufacturing Co, Inc. will post 3.17 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Gotham Asset Management LLC increased its holdings in shares of Simpson Manufacturing by 258.2% in the 4th quarter. Gotham Asset Management LLC now owns 46,587 shares of the construction company’s stock worth $2,522,000 after buying an additional 33,580 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Simpson Manufacturing by 365.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,424 shares of the construction company’s stock worth $727,000 after buying an additional 10,542 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Simpson Manufacturing by 685.0% in the 4th quarter. Hsbc Holdings PLC now owns 88,119 shares of the construction company’s stock worth $4,768,000 after buying an additional 76,893 shares during the last quarter. BW Gestao de Investimentos Ltda. grew its holdings in shares of Simpson Manufacturing by 1.6% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 20,531 shares of the construction company’s stock valued at $1,111,000 after purchasing an additional 323 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at $403,000. 90.09% of the stock is currently owned by hedge funds and other institutional investors.
SSD has been the topic of several recent analyst reports. Sidoti set a $72.00 target price on shares of Simpson Manufacturing and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th.
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Simpson Manufacturing Company Profile
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, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, 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, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
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