(SSD) VP Sold $75572.32 in Stock

Cornelia Mascio
Ottobre 22, 2017

Vanguard Group Inc. lessened its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 0.2% in the 2nd quarter, according to its most recent disclosure with the SEC. BW Gestao de Investimentos Ltda. now owns 9,856 shares of the construction company's stock worth $431,000 after acquiring an additional 3,947 shares in the last quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company's stock worth $224,596,000 after purchasing an additional 5,208,933 shares during the last quarter. Renaissance Technologies LLC increased its stake in Simpson Manufacturing by 64.2% in the first quarter. Rockefeller Financial Services Inc claims 257,522 shares worth $12,629,000. As of quarter end Louisiana State Employees Retirement System had bought 500 shares growing its stake by 3.0%. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Simpson Manufacturing during the second quarter valued at approximately $17,521,000. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. BNP Paribas Arbitrage SA increased its stake in Simpson Manufacturing by 100.9% in the second quarter. (NYSE:SSD) major shareholder Sharon H. Simpson sold 46,394 shares of the firm's stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $49.12, for a total value of $1,575,720.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Several analysts have recently weighed in on the stock. Finally, BidaskClub downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Wednesday, August 16th. Robert W. Baird reissued a "hold" rating and issued a $46.00 price target on shares of Simpson Manufacturing in a report on Friday.

TRADEMARK VIOLATION WARNING: "Simpson Manufacturing Company, Inc". If you are reading this report on another website, it was illegally copied and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/21/simpson-manufacturing-company-inc-ssd-major-shareholder-sells-1565596-39-in-stock.html. Simpson Manufacturing Company, Inc. The company has a market cap of $2.34 billion, a P/E ratio of 24.19 and a beta of 1.40.

It is trading at $49.58 a tad above the 50 day moving average of $47.98 and impressively higher than the 200 day moving average of $43.93.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Thursday, July 27th. Simpson Manufacturing had a return on equity of 10.07% and a net margin of 10.30%. The business had revenue of $263.00 million for the quarter, compared to analysts' expectations of $259.05 million. During the same period in the prior year, the business earned $0.44 EPS. Simpson Manufacturing's quarterly revenue was up 14.3% compared to the same quarter a year ago. On average, equities analysts forecast that Simpson Manufacturing Co. will post $1.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be paid a $0.21 dividend. The ex-dividend date has been established as Wednesday the 4th of October 2017. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.59%. Simpson Manufacturing's payout ratio is 40.98%.

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