PLEASANTON, Calif.—Roger Dankel, Executive Vice President of North American Sales at Simpson Manufacturing Co., Inc. (NYSE:SSD), has sold 250 shares of the company's common stock, according to a recent regulatory filing. The shares were sold at a price of $183.06 each, totaling approximately $45,765. The transaction comes as Simpson Manufacturing, with a market capitalization of $7.6 billion, maintains a strong financial health rating according to InvestingPro analysis.
Following this transaction, Dankel retains ownership of 23,814 shares, which includes restricted stock units that have not yet vested. Simpson Manufacturing, headquartered in Pleasanton, California, is known for its production of cutlery, hand tools, and general hardware. The company boasts a healthy current ratio of 3.53 and has maintained dividend payments for 21 consecutive years, demonstrating strong financial stability. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with 8 additional key insights available to subscribers.
In other recent news, Simpson Manufacturing and e.l.f. Beauty (NYSE:ELF) have been flagged by Wolfe Research as potential short ideas due to concerns regarding their financial health and market challenges. Simpson Manufacturing reported a slight increase in net sales to $587.2 million in Q3 2024 and appointed Matt Dunn as its new CFO, effective January 1, 2025. Analysts at DA Davidson maintained a Neutral rating on Simpson Manufacturing, noting a downward revision of the operating margin outlook.
In other developments, Simpson Manufacturing's North American sales slightly increased to $461.4 million, and European sales rose by 1.8%. The company is also investing in new facilities in Ohio and Tennessee. Despite a forecasted decline in U.S. housing starts in 2023, the company remains optimistic about a modest growth of around 3% to 4% in 2025. European growth is expected to be flat to slightly positive, with significant growth not anticipated until 2026.
These are the recent developments for both Simpson Manufacturing and e.l.f. Beauty. As these companies navigate their respective market challenges, investors are advised to exercise caution considering the potential risks that could affect their future earnings and stock valuation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.