Simpson Manufacturing Co Inc (SSD, Financial), a leader in the design, engineering, and manufacturing of wood construction products and software solutions, has reported an insider sell according to a recent SEC filing. The company's Executive Vice President of North American Sales, Roger Dankel, sold 850 shares of the company on March 20, 2024. The transaction was executed at a price of $198.08 per share, resulting in a total sale amount of $168,368.
Over the past year, the insider has sold a total of 11,490 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider selling at Simpson Manufacturing Co Inc, with a total of 17 insider sells and no insider buys reported over the same period.
The market capitalization of Simpson Manufacturing Co Inc stands at $8.567 billion, reflecting the company's significant presence in the industry. The price-earnings ratio of the company is 24.44, which is above the industry median of 13.04 but below the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, Simpson Manufacturing Co Inc is currently trading at a price-to-GF-Value ratio of 1.21, indicating that the stock is modestly overvalued in comparison to its intrinsic value of $164.24 as estimated by GuruFocus.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
The recent insider sell by EVP, NA Sales Roger Dankel may provide investors with additional data points to consider when evaluating their investment in Simpson Manufacturing Co Inc (SSD). However, it is important to note that insider transactions are just one aspect to consider and should not be the sole basis for investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
