Roger Dankel Sells 600 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) Stock

Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) insider Roger Dankel sold 600 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the sale, the insider now directly owns 32,412 shares in the company, valued at $3,403,260. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NYSE:SSD opened at $105.89 on Friday. The company’s 50-day moving average price is $111.25 and its two-hundred day moving average price is $118.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.85 and a quick ratio of 4.40. Simpson Manufacturing Co., Inc. has a one year low of $102.20 and a one year high of $141.26. The stock has a market capitalization of $4.59 billion, a PE ratio of 14.81 and a beta of 1.21.

Simpson Manufacturing (NYSE:SSD – Get Rating) last issued its earnings results on Monday, April 25th. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.51. The company had revenue of $493.57 million for the quarter, compared to analysts’ expectations of $476.28 million. Simpson Manufacturing had a net margin of 18.07% and a return on equity of 26.86%. Simpson Manufacturing’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.23 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in shares of Simpson Manufacturing by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the construction company’s stock valued at $1,558,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System raised its holdings in shares of Simpson Manufacturing by 0.9% in the 4th quarter. State of Michigan Retirement System now owns 11,000 shares of the construction company’s stock valued at $1,530,000 after purchasing an additional 100 shares during the period. Strs Ohio grew its stake in Simpson Manufacturing by 2.0% in the 1st quarter. Strs Ohio now owns 5,000 shares of the construction company’s stock valued at $545,000 after buying an additional 100 shares during the last quarter. FourThought Financial LLC grew its stake in Simpson Manufacturing by 5.5% in the 3rd quarter. FourThought Financial LLC now owns 1,989 shares of the construction company’s stock valued at $212,000 after buying an additional 103 shares during the last quarter. Finally, O Shares Investment Advisers LLC grew its stake in Simpson Manufacturing by 2.3% in the 4th quarter. O Shares Investment Advisers LLC now owns 4,831 shares of the construction company’s stock valued at $672,000 after buying an additional 110 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.

Several research firms recently commented on SSD. StockNews.com cut shares of Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 20th. Zacks Investment Research raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Thursday, April 28th. CJS Securities raised shares of Simpson Manufacturing from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 8th. Sidoti raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Tuesday, February 8th. Finally, Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $136.00 to $145.00 in a research report on Tuesday, April 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $139.25.

Simpson Manufacturing Company Profile (Get Rating)

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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