Axxcess Wealth Management LLC Lowers Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Axxcess Wealth Management LLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220 shares of the construction company’s stock after selling 80 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Simpson Manufacturing were worth $440,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Xponance Inc. increased its position in Simpson Manufacturing by 1.1% during the fourth quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after buying an additional 67 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Simpson Manufacturing by 36.1% in the 3rd quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock valued at $62,000 after acquiring an additional 110 shares during the last quarter. Cerity Partners LLC boosted its position in Simpson Manufacturing by 1.5% during the 4th quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock valued at $1,517,000 after purchasing an additional 112 shares during the period. Harvest Fund Management Co. Ltd increased its position in Simpson Manufacturing by 19.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock valued at $120,000 after acquiring an additional 132 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in Simpson Manufacturing in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the sale, the executive vice president now owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now owns 4,044 shares in the company, valued at approximately $854,861.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSD. Robert W. Baird lifted their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Simpson Manufacturing Trading Down 1.8 %

Simpson Manufacturing stock opened at $176.78 on Thursday. Simpson Manufacturing Co., Inc. has a one year low of $117.08 and a one year high of $218.38. The company’s fifty day moving average price is $192.38 and its two-hundred day moving average price is $181.64. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 22.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same period in the prior year, the company posted $2.05 EPS. The business’s revenue was down .7% on a year-over-year basis. On average, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a $0.28 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.53%.

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.