Thrivent Financial for Lutherans Has $40.51 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Thrivent Financial for Lutherans trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 240,358 shares of the construction company’s stock after selling 6,098 shares during the period. Thrivent Financial for Lutherans owned about 0.57% of Simpson Manufacturing worth $40,508,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Simpson Manufacturing in the 1st quarter valued at $29,000. Rise Advisors LLC bought a new position in Simpson Manufacturing in the 1st quarter valued at $37,000. Benjamin F. Edwards & Company Inc. boosted its position 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. CWM LLC boosted its position in Simpson Manufacturing by 50.2% in the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Simpson Manufacturing in the 2nd quarter valued at $77,000. 93.68% of the stock is currently owned by institutional investors.

Insider Transactions at Simpson Manufacturing

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

Simpson Manufacturing Stock Down 3.0 %

Shares of SSD opened at $189.26 on Monday. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 23.72 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The business’s fifty day moving average price is $180.44 and its two-hundred day moving average price is $179.68. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

Simpson Manufacturing 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.