Envestnet Asset Management Inc. Sells 5,744 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

Envestnet Asset Management Inc. reduced its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 171,839 shares of the construction company’s stock after selling 5,744 shares during the period. Envestnet Asset Management Inc. owned about 0.41% of Simpson Manufacturing worth $26,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP bought a new position in Simpson Manufacturing in the 4th quarter worth approximately $28,000. Investment Management Corp VA ADV bought a new position in Simpson Manufacturing in the 4th quarter valued at $28,000. Harbor Capital Advisors Inc. bought a new position in Simpson Manufacturing in the 1st quarter valued at $45,000. Blue Trust Inc. boosted its holdings in Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock valued at $55,000 after purchasing an additional 321 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Simpson Manufacturing by 1,542.3% in the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock valued at $71,000 after purchasing an additional 401 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Down 1.2%

Shares of NYSE:SSD opened at $164.87 on Tuesday. The firm has a fifty day moving average price of $158.56 and a two-hundred day moving average price of $159.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 21.47 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same period in the previous year, the firm posted $1.77 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.70%. Simpson Manufacturing’s payout ratio is currently 15.10%.

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.