New insider activity at Simpson Manufacturing Co ( (SSD) ) has taken place on February 28, 2025.
Michael Andersen, the Executive Vice President for Europe at Simpson Manufacturing Co, recently sold 1,000 shares of the company’s stock. This transaction was valued at $169,980.
Recent Updates on SSD stock
Simpson Manufacturing Co. has reported its Q4 and full-year 2024 earnings, highlighting a modest net sales increase to $2.23 billion, despite challenges in the European market and declining housing starts. The company maintained a strong operational focus with a 19.3% operating income margin and declared a $0.28 per share dividend. Notably, Simpson Manufacturing demonstrated robust volume growth in North America, outpacing the market by 600 basis points, and reduced its debt by $100.8 million, showcasing strong financial management. However, the company faced margin pressures due to higher input and labor costs, leading to a decrease in gross and operating margins. Looking forward, Simpson Manufacturing aims to sustain an operating income margin of at least 20% and anticipates modest improvements in the U.S. housing market by 2025. Baird adjusted the price target for Simpson Manufacturing, citing market share gains amidst a challenging macro environment.
More about Simpson Manufacturing Co
YTD Price Performance: 1.99%
Average Trading Volume: 251,446
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.12B
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