Commonwealth Equity Services LLC Has $834,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Commonwealth Equity Services LLC reduced its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,064 shares of the construction company’s stock after selling 397 shares during the period. Commonwealth Equity Services LLC’s holdings in Simpson Manufacturing were worth $834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Simpson Manufacturing by 103.3% during the 4th quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock worth $2,009,000 after purchasing an additional 5,154 shares during the last quarter. Axiom Investors LLC DE increased its stake in shares of Simpson Manufacturing by 129.0% during the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after purchasing an additional 60,178 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock worth $64,433,000 after purchasing an additional 232,600 shares during the last quarter. M&T Bank Corp increased its stake in shares of Simpson Manufacturing by 66.2% during the 4th quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock worth $5,250,000 after purchasing an additional 10,564 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Simpson Manufacturing by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,208,812 shares of the construction company’s stock worth $833,261,000 after purchasing an additional 49,142 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SSD shares. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th.

Read Our Latest Research Report on SSD

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $165.39 on Wednesday. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 20.73 and a beta of 1.32. 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 50-day simple moving average of $169.49 and a 200 day simple moving average of $183.94. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38.

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

Simpson Manufacturing Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s payout ratio is currently 14.04%.

Insider Buying and Selling at Simpson Manufacturing

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

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.

Recommended Stories

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

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.