Simpson Manufacturing Company, Inc. (NYSE:SSD) EVP Sells $445,675.00 in Stock

Key Points

• Simpson Manufacturing EVP Jeremy Gilstrap sold 2,500 shares valued at approximately $445,675, resulting in a 24.29% decrease in his ownership of the stock.
• The company reported $2.47 EPS for its most recent quarter, surpassing expectations and showing a 5.7% year-over-year revenue growth.
• Simpson Manufacturing announced a quarterly dividend of $0.29 per share, with an annualized yield of 0.6%, payable on October 23rd.

Simpson Manufacturing Company, Inc. (NYSE:SSD - Get Free Report) EVP Jeremy Gilstrap sold 2,500 shares of Simpson Manufacturing stock in a transaction on Friday, August 1st. The shares were sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president directly owned 7,794 shares of the company's stock, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Simpson Manufacturing Trading Up 0.7%

Shares of SSD stock traded up $1.27 during mid-day trading on Monday, reaching $180.44. The company's stock had a trading volume of 257,015 shares, compared to its average volume of 279,345. The company's 50 day simple moving average is $160.95 and its 200-day simple moving average is $160.08. The company has a quick ratio of 1.80, a current ratio of 3.37 and a debt-to-equity ratio of 0.18. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The firm has a market capitalization of $7.55 billion, a PE ratio of 23.01 and a beta of 1.26.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.39 by $0.08. The firm had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%. Simpson Manufacturing's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 EPS. On average, research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 2nd. Simpson Manufacturing's dividend payout ratio (DPR) is currently 14.80%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped their price objective on Simpson Manufacturing from $180.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th.

Institutional Trading of Simpson Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Simpson Manufacturing by 0.4% during the first quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company's stock valued at $15,262,000 after purchasing an additional 380 shares during the last quarter. GAMMA Investing LLC raised its stake in Simpson Manufacturing by 163.7% during the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company's stock worth $184,000 after acquiring an additional 727 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Simpson Manufacturing by 708.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company's stock worth $2,135,000 after acquiring an additional 11,908 shares during the period. State of Alaska Department of Revenue raised its stake in Simpson Manufacturing by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company's stock worth $776,000 after acquiring an additional 135 shares during the period. Finally, Blue Trust Inc. raised its stake in Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock worth $55,000 after acquiring an additional 321 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. 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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