Xponance Inc. cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD – Free Report) by 8.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,244 shares of the construction company’s stock after selling 612 shares during the period. Xponance Inc.’s holdings in Simpson Manufacturing were worth $865,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in SSD. 1832 Asset Management L.P. bought a new position in Simpson Manufacturing in the 1st quarter worth approximately $27,000. Signaturefd LLC increased its position in Simpson Manufacturing by 276.4% during the first quarter. Signaturefd LLC now owns 271 shares of the construction company’s stock worth $30,000 after acquiring an additional 199 shares during the period. Quantbot Technologies LP bought a new position in Simpson Manufacturing during the first quarter worth $30,000. International Assets Investment Management LLC acquired a new position in Simpson Manufacturing during the 1st quarter valued at $35,000. Finally, Quadrant Capital Group LLC boosted its holdings in Simpson Manufacturing by 55.1% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the construction company’s stock valued at $32,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 89.45% of the company’s stock.
Simpson Manufacturing Stock Performance
NYSE:SSD opened at $150.71 on Friday. The firm has a market capitalization of $6.43 billion, a PE ratio of 18.93 and a beta of 1.23. The company has a quick ratio of 2.14, a current ratio of 3.46 and a debt-to-equity ratio of 0.34. Simpson Manufacturing Co., Inc. has a 12-month low of $75.25 and a 12-month high of $166.02. The firm has a 50-day moving average price of $154.99 and a 200 day moving average price of $133.87.
Simpson Manufacturing Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 0.72%. Simpson Manufacturing’s dividend payout ratio is presently 13.57%.
Analyst Ratings Changes
SSD has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Simpson Manufacturing from $176.00 to $190.00 in a research report on Tuesday, July 25th. StockNews.com initiated coverage on Simpson Manufacturing in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, DA Davidson upped their target price on Simpson Manufacturing from $135.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, July 25th.
Get Our Latest Stock Analysis on Simpson Manufacturing
Insider Transactions at Simpson Manufacturing
In related news, EVP Roger Dankel sold 2,500 shares of Simpson Manufacturing stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $155.00, for a total transaction of $387,500.00. Following the completion of the transaction, the executive vice president now directly owns 32,202 shares of the company’s stock, valued at approximately $4,991,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Roger Dankel sold 2,500 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $155.00, for a total transaction of $387,500.00. Following the sale, the executive vice president now directly owns 32,202 shares in the company, valued at approximately $4,991,310. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Philip E. Donaldson sold 675 shares of Simpson Manufacturing stock in a transaction on 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 of the company’s stock, valued at approximately $1,034,349.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,215 shares of company stock valued at $656,495. 0.65% of the stock is owned by insiders.
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.
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