Jennifer Lutz, Executive Vice President of Human Resources at Simpson Manufacturing Co., Inc. (NYSE:SSD), sold 700 shares of the company's common stock on December 3, 2024. The shares were sold at a price of $184.47 each, totaling $129,129. Following this transaction, Lutz holds 3,333 shares in the company, which includes restricted stock units that have not yet vested. This sale was disclosed in a recent SEC filing.Simpson Manufacturing, with a market capitalization of $7.62 billion, currently trades at a P/E ratio of 23.89. InvestingPro analysis indicates the company is slightly overvalued at current levels, though it maintains strong financial health with a current ratio of 3.53. The company has maintained dividend payments for 21 consecutive years, reflecting consistent shareholder returns.Want deeper insights into Simpson Manufacturing's insider trading patterns and financial health? InvestingPro subscribers get access to comprehensive Pro Research Reports covering 1,400+ top stocks, including SSD, with expert analysis and actionable intelligence.
In other recent news, Simpson Manufacturing and e.l.f. Beauty (NYSE:ELF) have been highlighted by Wolfe Research as potential short ideas due to concerns regarding their financial health and market challenges. Simpson Manufacturing, despite facing challenges in the U.S. and European housing markets, reported a slight increase in net sales to $587.2 million in Q3 2024. The company also announced the appointment of Matt Dunn as its new Chief Financial Officer, replacing the outgoing CFO Brian Magstadt.
DA Davidson maintained a Neutral rating on Simpson Manufacturing, noting a downward revision of the operating margin outlook, while acknowledging the company's strong competitive position. The company's North American sales slightly increased to $461.4 million, and European sales rose by 1.8%. Despite a forecasted decline in U.S. housing starts in 2023, Simpson Manufacturing remains optimistic about a modest growth of around 3% to 4% in 2025.
On the other hand, e.l.f. Beauty's stock has seen a pullback following disappointing earnings results. Wolfe Research highlighted the stock as a potential short due to potential further declines, citing concerns over weakening cash flow conversion, valuation issues, and risks associated with tariffs and cash flow. These are some of the recent developments for both companies.
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