Stratos Wealth Partners LTD. Sells 1,134 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

Stratos Wealth Partners LTD. cut its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 35.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,044 shares of the construction company’s stock after selling 1,134 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Simpson Manufacturing were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSD. Quarry LP bought a new position in Simpson Manufacturing during the fourth quarter worth $28,000. Investment Management Corp VA ADV acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $28,000. Harbor Capital Advisors Inc. acquired a new position in shares of Simpson Manufacturing in the first quarter valued at approximately $45,000. Blue Trust Inc. increased its position in Simpson Manufacturing by 1,070.0% during 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 increased its stake in shares of 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 acquiring an additional 401 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $159.13 on Wednesday. The company has a fifty day simple moving average of $158.87 and a 200 day simple moving average of $159.71. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company has a current ratio of 3.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. The company has a market cap of $6.66 billion, a P/E ratio of 20.72 and a beta of 1.28.

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

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.16 annualized dividend and a yield of 0.73%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.28. Simpson Manufacturing’s payout ratio is 15.10%.

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.