Cerity Partners LLC Sells 2,699 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

Cerity Partners LLC cut its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 11.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,031 shares of the construction company’s stock after selling 2,699 shares during the period. Cerity Partners LLC’s holdings in Simpson Manufacturing were worth $3,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SSD. PNC Financial Services Group Inc. grew its holdings in Simpson Manufacturing by 24.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,643 shares of the construction company’s stock worth $272,000 after purchasing an additional 318 shares during the period. HighTower Advisors LLC raised its stake in Simpson Manufacturing by 33.7% in the fourth quarter. HighTower Advisors LLC now owns 7,683 shares of the construction company’s stock valued at $1,274,000 after buying an additional 1,937 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Simpson Manufacturing by 42.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,741 shares of the construction company’s stock valued at $289,000 after buying an additional 520 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Simpson Manufacturing by 13.8% during the 4th quarter. Natixis Advisors LLC now owns 22,606 shares of the construction company’s stock worth $3,749,000 after acquiring an additional 2,746 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Simpson Manufacturing by 30.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,431 shares of the construction company’s stock valued at $735,000 after acquiring an additional 1,029 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Trading Down 0.3%

SSD stock opened at $159.21 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 20.73 and a beta of 1.28. The company has a fifty day moving average price of $159.05 and a two-hundred day moving average price of $159.62. 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 (NYSE:SSD) last posted its earnings results 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. The company had revenue of $538.90 million during the quarter, compared to analysts’ expectations of $531.81 million. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. During the same quarter last year, the company posted $1.77 EPS. Simpson Manufacturing’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. Simpson Manufacturing’s dividend payout ratio (DPR) is 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.