Simpson Manufacturing Company, Inc. (NYSE:SSD) EVP Jeremy Gilstrap Sells 2,500 Shares

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 the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares of the company's stock, valued at $1,389,436.38. This trade represents a 24.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Simpson Manufacturing Stock Up 0.2%

Simpson Manufacturing stock traded up $0.36 during mid-day trading on Friday, reaching $182.39. 46,602 shares of the company were exchanged, compared to its average volume of 278,332. The business has a fifty day moving average of $163.07 and a 200 day moving average of $160.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37. The firm has a market cap of $7.63 billion, a P/E ratio of 23.26 and a beta of 1.26. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82.

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

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing's payout ratio is presently 14.80%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their target price on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th.

Hedge Funds Weigh In On Simpson Manufacturing

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its holdings in Simpson Manufacturing by 90.4% in the fourth quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock valued at $96,405,000 after buying an additional 275,989 shares in the last quarter. Quantinno Capital Management LP increased its stake in Simpson Manufacturing by 5,137.3% during the 4th quarter. Quantinno Capital Management LP now owns 270,349 shares of the construction company's stock worth $44,832,000 after buying an additional 265,187 shares during the period. Champlain Investment Partners LLC grew its holdings in Simpson Manufacturing by 300.2% during the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock worth $55,727,000 after acquiring an additional 252,085 shares in the last quarter. GAMMA Investing LLC grew its holdings in Simpson Manufacturing by 41,328.2% during the 1st quarter. GAMMA Investing LLC now owns 183,941 shares of the construction company's stock worth $28,893,000 after acquiring an additional 183,497 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Simpson Manufacturing by 4,755.8% in the 4th quarter. Brown Advisory Inc. now owns 168,302 shares of the construction company's stock valued at $27,910,000 after buying an additional 164,836 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

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.