Principal Financial Group Inc. Has $26.23 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Principal Financial Group Inc. trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,641 shares of the construction company’s stock after selling 20,184 shares during the quarter. Principal Financial Group Inc. owned about 0.37% of Simpson Manufacturing worth $26,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Simpson Manufacturing during the 1st quarter worth $29,000. GAMMA Investing LLC bought a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $35,000. Rise Advisors LLC acquired a new stake in Simpson Manufacturing in the 1st quarter valued at approximately $37,000. Benjamin F. Edwards & Company Inc. grew its holdings in Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after buying an additional 187 shares during the last quarter. Finally, CWM LLC increased its position in Simpson Manufacturing by 50.2% in the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after buying an additional 108 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Up 1.0 %

SSD opened at $183.06 on Monday. The business has a 50 day moving average of $177.32 and a 200-day moving average of $182.13. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.94 and a beta of 1.32. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. During the same period last year, the company earned $2.50 earnings per share. Simpson Manufacturing’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.04%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares in the company, valued at approximately $708,114.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

About Simpson Manufacturing

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.