Segall Bryant & Hamill LLC Sells 3,589 Shares of Simpson Manufacturing Company, Inc. $SSD

Segall Bryant & Hamill LLC cut its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,936 shares of the construction company’s stock after selling 3,589 shares during the period. Segall Bryant & Hamill LLC’s holdings in Simpson Manufacturing were worth $25,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Simpson Manufacturing by 33.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock worth $37,000 after buying an additional 57 shares during the period. Apollon Wealth Management LLC raised its holdings in Simpson Manufacturing by 1.3% during the fourth quarter. Apollon Wealth Management LLC now owns 4,927 shares of the construction company’s stock valued at $796,000 after acquiring an additional 62 shares during the period. SkyView Investment Advisors LLC lifted its position in shares of Simpson Manufacturing by 0.6% in the fourth quarter. SkyView Investment Advisors LLC now owns 12,268 shares of the construction company’s stock valued at $1,981,000 after acquiring an additional 77 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Simpson Manufacturing by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock valued at $4,236,000 after acquiring an additional 89 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after acquiring an additional 92 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Trading Up 0.6%

Shares of SSD stock opened at $187.70 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 20.51 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a 12-month low of $156.32 and a 12-month high of $213.49. The stock’s 50-day moving average price is $193.14 and its 200-day moving average price is $187.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. The company had revenue of $671.08 million during the quarter, compared to analyst estimates of $658.76 million. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 earnings per share. Equities research analysts predict that Simpson Manufacturing Company, Inc. will post 9.11 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st. Simpson Manufacturing’s dividend payout ratio is 13.11%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SSD. Stephens increased their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $216.00.

Simpson Manufacturing Company 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.