Captrust Financial Advisors Trims Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)


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Captrust Financial Advisors trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 841 shares of the construction company’s stock after selling 267 shares during the period. Captrust Financial Advisors’ holdings in Simpson Manufacturing were worth $79,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SSD. Guggenheim Capital LLC increased its stake in shares of Simpson Manufacturing by 272.3% during the 4th quarter. Guggenheim Capital LLC now owns 7,974 shares of the construction company’s stock valued at $745,000 after acquiring an additional 5,832 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of Simpson Manufacturing by 24.0% during the 4th quarter. Virginia Retirement Systems ET AL now owns 6,200 shares of the construction company’s stock valued at $579,000 after acquiring an additional 1,200 shares during the last quarter. ETF Managers Group LLC increased its stake in shares of Simpson Manufacturing by 9.7% during the 4th quarter. ETF Managers Group LLC now owns 4,491 shares of the construction company’s stock valued at $417,000 after acquiring an additional 396 shares during the last quarter. Engineers Gate Manager LP increased its stake in shares of Simpson Manufacturing by 118.9% during the 4th quarter. Engineers Gate Manager LP now owns 7,961 shares of the construction company’s stock valued at $744,000 after acquiring an additional 4,324 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Simpson Manufacturing by 9.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,338 shares of the construction company’s stock valued at $499,000 after acquiring an additional 460 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

Separately, DA Davidson upped their price objective on shares of Simpson Manufacturing from $98.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, February 9th.

SSD opened at $104.52 on Thursday. The firm has a 50 day moving average price of $102.31 and a 200 day moving average price of $96.55. The company has a market cap of $4.54 billion, a PE ratio of 24.77 and a beta of 1.24. Simpson Manufacturing Co., Inc. has a 1 year low of $57.42 and a 1 year high of $109.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.93 and a current ratio of 4.29.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Sunday, February 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The firm had revenue of $293.90 million during the quarter, compared to the consensus estimate of $277.00 million. Simpson Manufacturing had a net margin of 14.99% and a return on equity of 20.67%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 4.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 22nd. Investors of record on Thursday, April 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, March 31st. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 30.87%.

In other Simpson Manufacturing news, CEO Karen Winifred Colonias sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $108.00, for a total value of $1,080,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Olosky purchased 500 shares of the firm’s stock in a transaction on Monday, March 1st. The stock was bought at an average price of $99.70 per share, with a total value of $49,850.00. Following the acquisition, the chief operating officer now owns 3,176 shares in the company, valued at $316,647.20. The disclosure for this purchase can be found here. In the last three months, insiders have sold 55,291 shares of company stock valued at $5,656,772. Corporate insiders own 0.70% of the company’s stock.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems that are used 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, protection, and strengthening applications.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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