Simpson Manufacturing Company, Inc. $SSD Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 33.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,854 shares of the construction company’s stock after selling 3,463 shares during the quarter. Sanctuary Advisors LLC’s holdings in Simpson Manufacturing were worth $1,176,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after acquiring an additional 92 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing in the 4th quarter valued at $28,000. Los Angeles Capital Management LLC acquired a new position in Simpson Manufacturing in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. acquired a new position in Simpson Manufacturing in the 3rd quarter valued at $34,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Simpson Manufacturing by 33.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock worth $37,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 2.3%

Shares of SSD opened at $193.58 on Friday. Simpson Manufacturing Company, Inc. has a fifty-two week low of $156.32 and a fifty-two week high of $213.49. The company’s fifty day moving average is $192.35 and its two-hundred day moving average is $186.69. The firm has a market cap of $7.96 billion, a PE ratio of 22.69 and a beta of 1.30. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million during the quarter, compared to the consensus estimate of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. Analysts forecast that Simpson Manufacturing Company, Inc. will post 9.07 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s payout ratio is presently 14.07%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SSD. Stephens raised their price objective on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Robert W. Baird upped their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings lowered Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Finally, DA Davidson raised their price target on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing presently has an average rating of “Hold” and an average price target of $214.75.

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.