California State Teachers Retirement System Has $8.93 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

California State Teachers Retirement System cut its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,083 shares of the construction company’s stock after selling 2,129 shares during the period. California State Teachers Retirement System owned about 0.11% of Simpson Manufacturing worth $8,926,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SSD. Xponance Inc. grew its holdings in shares of Simpson Manufacturing by 1.1% during the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock valued at $1,231,000 after acquiring an additional 67 shares in the last quarter. Cerity Partners LLC raised its stake 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 in the last quarter. Financial Advocates Investment Management raised its stake in shares of Simpson Manufacturing by 9.7% during the 4th quarter. Financial Advocates Investment Management now owns 1,601 shares of the construction company’s stock worth $317,000 after purchasing an additional 142 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $29,000. Finally, Truist Financial Corp grew its stake in shares of Simpson Manufacturing by 6.4% in the 4th quarter. Truist Financial Corp now owns 2,561 shares of the construction company’s stock valued at $507,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Activity

In related news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares in the company, valued at approximately $861,347.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares in the company, valued at approximately $4,687,179.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,600 shares of company stock valued at $646,983. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

SSD has been the subject of a number of analyst reports. Robert W. Baird lifted 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. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Get Our Latest Stock Analysis on SSD

Simpson Manufacturing Stock Down 0.2 %

Shares of SSD stock opened at $161.00 on Friday. The stock’s 50 day simple moving average is $177.13 and its 200 day simple moving average is $185.63. Simpson Manufacturing Co., Inc. has a twelve month low of $123.93 and a twelve month high of $218.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 20.18 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSDGet Free Report) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The firm had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

Simpson Manufacturing Increases Dividend

The company 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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is 14.04%.

Simpson Manufacturing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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