Dimensional Fund Advisors LP lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD – Free Report) by 3.1% in the 1st quarter, Holdings Channel reports. The firm owned 960,349 shares of the construction company’s stock after selling 30,774 shares during the period. Dimensional Fund Advisors LP’s holdings in Simpson Manufacturing were worth $105,285,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. HighTower Advisors LLC raised its stake in shares of Simpson Manufacturing by 4.2% in the first quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock worth $300,000 after purchasing an additional 111 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in shares of Simpson Manufacturing by 1.5% in the first quarter. Transatlantique Private Wealth LLC now owns 8,036 shares of the construction company’s stock worth $881,000 after purchasing an additional 115 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Simpson Manufacturing by 0.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,570 shares of the construction company’s stock worth $1,646,000 after purchasing an additional 126 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Simpson Manufacturing by 55.1% in the fourth quarter. Quadrant Capital Group LLC now owns 366 shares of the construction company’s stock worth $32,000 after acquiring an additional 130 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Simpson Manufacturing by 4.0% in the first quarter. Bank of Montreal Can now owns 3,420 shares of the construction company’s stock worth $389,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.
Insider Activity
In other news, Director James S. Andrasick sold 1,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $156.07, for a total value of $156,070.00. Following the transaction, the director now directly owns 724 shares in the company, valued at $112,994.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director James S. Andrasick sold 1,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $156.07, for a total value of $156,070.00. Following the transaction, the director now directly owns 724 shares in the company, valued at $112,994.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip E. Donaldson sold 675 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $157.94, for a total value of $106,609.50. Following the completion of the transaction, the director now owns 6,549 shares in the company, valued at $1,034,349.06. The disclosure for this sale can be found here. Insiders have sold 4,175 shares of company stock worth $650,180 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Simpson Manufacturing
Simpson Manufacturing Stock Performance
NYSE:SSD opened at $155.42 on Friday. The stock has a 50-day simple moving average of $151.86 and a two-hundred day simple moving average of $129.35. Simpson Manufacturing Co., Inc. has a 52-week low of $75.25 and a 52-week high of $166.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.14 and a current ratio of 3.46. The firm has a market capitalization of $6.63 billion, a PE ratio of 19.53 and a beta of 1.23.
Simpson Manufacturing (NYSE:SSD – Get Free Report) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.37. Simpson Manufacturing had a return on equity of 23.43% and a net margin of 15.78%. The business had revenue of $597.60 million during the quarter, compared to analyst estimates of $553.23 million. During the same quarter in the previous year, the company posted $2.16 earnings per share. Simpson Manufacturing’s revenue for the quarter was up .7% on a year-over-year basis. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.22 EPS for the current year.
Simpson Manufacturing Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio is presently 13.57%.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.
Read More
- Five stocks we like better than Simpson Manufacturing
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- These 3 Wood Stocks are about to go on Discount
- How to Invest in Communication Stocks
- Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
- 3 Fintech Stocks With Good 2021 Prospects
- 3 Stocks Awaiting Winter Winds of Opportunity
Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Co., Inc. (NYSE:SSD – Free Report).
Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.
