SG Americas Securities LLC Decreases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

SG Americas Securities LLC lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 85.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 894 shares of the construction company’s stock after selling 5,267 shares during the quarter. SG Americas Securities LLC’s holdings in Simpson Manufacturing were worth $171,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SSD. EntryPoint Capital LLC acquired a new stake in Simpson Manufacturing in the 1st quarter valued at $29,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Simpson Manufacturing by 550.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock worth $45,000 after buying an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Simpson Manufacturing in the second quarter valued at about $77,000. Summit Securities Group LLC purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at about $80,000. Finally, Rehmann Capital Advisory Group acquired a new position in Simpson Manufacturing during the 1st quarter worth approximately $202,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing 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 transaction, the executive vice president now directly owns 4,033 shares in the company, valued at approximately $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the transaction, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their position. 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 ninety days. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $176.48 on Thursday. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The stock has a market cap of $7.44 billion, a P/E ratio of 22.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The firm has a 50-day moving average of $184.29 and a two-hundred day moving average of $178.03.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter last year, the business earned $2.43 EPS. Simpson Manufacturing’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.63%. Simpson Manufacturing’s dividend payout ratio is presently 14.04%.

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.