Victory Capital Management Inc. Sells 4,787 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Victory Capital Management Inc. lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 122,568 shares of the construction company’s stock after selling 4,787 shares during the quarter. Victory Capital Management Inc.’s holdings in Simpson Manufacturing were worth $24,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Xponance Inc. grew its stake in Simpson Manufacturing by 1.1% in the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock valued at $1,231,000 after buying an additional 67 shares during the last quarter. Signaturefd LLC increased its stake in shares of Simpson Manufacturing by 36.1% in the third quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock worth $62,000 after purchasing an additional 110 shares during the period. Cerity Partners LLC lifted its position in shares of Simpson Manufacturing by 1.5% during the 4th quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 112 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Simpson Manufacturing by 19.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock valued at $120,000 after purchasing an additional 132 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in Simpson Manufacturing in the 4th quarter valued at approximately $29,000. Institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of research analyst reports. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird upped their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th.

Simpson Manufacturing Stock Down 1.8 %

SSD stock opened at $176.78 on Thursday. Simpson Manufacturing Co., Inc. has a twelve month low of $117.08 and a twelve month high of $218.38. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $7.51 billion, a PE ratio of 22.15 and a beta of 1.33. The business’s 50-day simple moving average is $192.38 and its 200 day simple moving average is $181.64.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. Simpson Manufacturing’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. On average, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s payout ratio is 13.53%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. In the last three months, insiders sold 3,784 shares of company stock valued at $770,924. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. 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.