Crossmark Global Holdings Inc. Trims Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Crossmark Global Holdings Inc. cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 33.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,207 shares of the construction company’s stock after selling 1,602 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Simpson Manufacturing were worth $614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Simpson Manufacturing by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after buying an additional 278,283 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of Simpson Manufacturing by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock valued at $271,972,000 after purchasing an additional 24,253 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Simpson Manufacturing by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after purchasing an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock worth $101,928,000 after purchasing an additional 8,535 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Simpson Manufacturing by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock worth $77,623,000 after purchasing an additional 4,195 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

SSD stock opened at $180.37 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a 50 day moving average price of $185.76 and a 200-day moving average price of $178.28. Simpson Manufacturing Co., Inc. has a 52-week low of $152.93 and a 52-week high of $218.38. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 23.83 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Insider Activity

In related news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This represents a 26.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. The trade was a 36.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,871 shares of company stock worth $1,658,259 over the last 90 days. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing 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.