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Michael Andersen, Executive Vice President of Europe at Simpson Manufacturing Co., Inc. (NYSE:SSD), recently sold 1,000 shares of the company’s common stock. The transaction, which took place on February 25, 2025, was executed at a price of $169.98 per share, amounting to a total value of $169,980.
Following this sale, Andersen retains ownership of 8,810 shares, which includes restricted stock units that have not yet vested. The transaction was disclosed in a filing with the Securities and Exchange Commission on February 27, 2025. Notably, Simpson Manufacturing has maintained dividend payments for 22 consecutive years, with a current yield of 0.66%. For comprehensive analysis including Fair Value estimates and detailed financial metrics, explore the full InvestingPro Research Report, part of our coverage of 1,400+ US stocks.
In other recent news, Simpson Manufacturing reported its fourth-quarter 2024 earnings, revealing earnings per share (EPS) of $1.31, which fell short of the expected $1.55. However, the company exceeded revenue forecasts, bringing in $517.43 million compared to the anticipated $510.17 million. Despite the revenue beat, the company’s gross margin decreased to 46% from 47.1% in 2023, highlighting ongoing cost pressures. Simpson Manufacturing’s North American sales saw a notable 4% increase, contributing to the company’s strong performance over the year, surpassing U.S. housing starts.
DA Davidson maintained its neutral rating for Simpson Manufacturing, setting a price target of $195.00, following the company’s earnings announcement. The analysts cited the company’s robust sales performance but expressed concerns over a somewhat disappointing initial operating margin outlook for 2025. The company is considering price hikes to counteract tariff-induced steel cost increases and other inflationary pressures, though details on these adjustments remain unspecified. Simpson Manufacturing has also been expanding its facilities in Ohio and Tennessee, aiming to enhance its market position in mass timber and European markets.
The company projects an operating margin between 18.5% and 20.5% for 2025, with plans for capital expenditures ranging from $150 to $170 million. As Simpson Manufacturing navigates these developments, investors and analysts will closely monitor the impact of potential pricing strategies and market conditions on the company’s financial performance.
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