Alps Advisors Inc. reduced its position in shares of Simpson Manufacturing Co. (NYSE:SSD) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 11,555 shares of the company’s stock after selling 452 shares during the period. Alps Advisors Inc.’s holdings in Simpson Manufacturing were worth $462,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors Inc. acquired a new position in shares of Simpson Manufacturing during the first quarter valued at about $13,645,000. Simonbaker & Partners LLC acquired a new position in shares of Simpson Manufacturing during the first quarter valued at about $12,554,000. Bank of Montreal Can acquired a new position in shares of Simpson Manufacturing during the second quarter valued at about $7,545,000. Renaissance Technologies LLC increased its position in shares of Simpson Manufacturing by 64.2% in the first quarter. Renaissance Technologies LLC now owns 386,600 shares of the company’s stock valued at $14,757,000 after buying an additional 151,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Simpson Manufacturing by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 93,408 shares of the company’s stock valued at $3,566,000 after buying an additional 40,672 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.
Simpson Manufacturing Co. (NYSE:SSD) traded up 0.78% during mid-day trading on Wednesday, hitting $44.07. 133,886 shares of the stock traded hands. The stock has a 50-day moving average of $44.14 and a 200 day moving average of $40.41. Simpson Manufacturing Co. has a 1-year low of $30.25 and a 1-year high of $45.50. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 27.20 and a beta of 1.47.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The business earned $230 million during the quarter, compared to analyst estimates of $227.12 million. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, equities analysts expect that Simpson Manufacturing Co. will post $1.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Saturday, October 8th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Simpson Manufacturing’s dividend payout ratio is currently 44.44%.
Several brokerages have issued reports on SSD. Sidoti began coverage on shares of Simpson Manufacturing in a research report on Friday, September 9th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
In other news, COO Ricardo M. Arevalo sold 3,437 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $44.40, for a total transaction of $152,602.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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