Berkeley Inc Sells 4,217 Shares of Simpson Manufacturing Company, Inc. $SSD

Berkeley Inc lessened its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,032 shares of the construction company’s stock after selling 4,217 shares during the period. Simpson Manufacturing comprises 2.1% of Berkeley Inc’s portfolio, making the stock its 22nd largest holding. Berkeley Inc owned about 0.09% of Simpson Manufacturing worth $6,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Argent Capital Management LLC purchased a new position in shares of Simpson Manufacturing in the 3rd quarter worth $15,976,000. Public Employees Retirement System of Ohio increased its position in Simpson Manufacturing by 13.4% during the second quarter. Public Employees Retirement System of Ohio now owns 25,204 shares of the construction company’s stock valued at $3,914,000 after acquiring an additional 2,975 shares during the last quarter. EULAV Asset Management bought a new position in Simpson Manufacturing in the third quarter valued at about $5,526,000. Campbell & CO Investment Adviser LLC boosted its position in Simpson Manufacturing by 340.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 14,221 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 10,990 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in shares of Simpson Manufacturing by 22.1% during the 2nd quarter. Ceredex Value Advisors LLC now owns 81,375 shares of the construction company’s stock valued at $12,638,000 after purchasing an additional 14,725 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insider Activity

In related news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $168.16, for a total transaction of $399,380.00. Following the sale, the director owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $183.80 on Wednesday. The company has a market capitalization of $7.62 billion, a P/E ratio of 22.39 and a beta of 1.37. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The firm’s 50 day simple moving average is $169.13 and its two-hundred day simple moving average is $174.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.88.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.37 by $0.21. The firm had revenue of $623.51 million for the quarter, compared to the consensus estimate of $607.79 million. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. Research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Friday, January 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is 14.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson reissued a “neutral” rating and issued a $190.00 price objective on shares of Simpson Manufacturing in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $201.00.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.