Harbor Investment Advisory LLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 40.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454 shares of the construction company’s stock after selling 312 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Simpson Manufacturing were worth $50,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Capital International Investors lifted its position in Simpson Manufacturing by 603.5% in the 4th quarter. Capital International Investors now owns 1,902,658 shares of the construction company’s stock valued at $264,603,000 after acquiring an additional 1,632,209 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Simpson Manufacturing by 0.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,384,200 shares of the construction company’s stock valued at $192,501,000 after buying an additional 4,895 shares during the last quarter. State Street Corp raised its stake in Simpson Manufacturing by 1.6% during the 4th quarter. State Street Corp now owns 1,325,157 shares of the construction company’s stock valued at $184,290,000 after buying an additional 21,364 shares during the last quarter. JPMorgan Chase & Co. its raised stake in Simpson Manufacturing by 1.5% during the 4th quarter. JPMorgan Chase & Co. Now owns 1,069,787 shares of the construction company’s stock valued at $148,776,000 after buying an additional 15,570 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Simpson Manufacturing by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 541,945 shares of the construction company’s stock valued at $57,971,000 after buying an additional 11,625 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors and hedge funds.
In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $107.02, for a total value of $267,550.00. Following the completion of the sale, the chief financial officer now owns 25,047 shares in the company, valued at approximately $2,680,529.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Karen Winifred Colonias sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $110.46, for a total value of $1,656,900.00. Following the sale, the chief executive officer now directly owns 33,423 shares in the company, valued at $3,691,904.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,280 shares of company stock worth $2,110,512. 0.60% of the stock is owned by company insiders.
Shares of SSD opened at $102.55 on Monday. The company has a current ratio of 5.83, a quick ratio of 4.40 and a debt-to-equity ratio of 0.54. The firm has a market cap of $4.43 billion, a PE ratio of 14.34 and a beta of 1.19. Simpson Manufacturing Co., Inc. has a 1-year low of $87.73 and a 1-year high of $141.26. The firm has a fifty day simple moving average of $102.85 and a two-hundred day simple moving average of $113.03.
Simpson Manufacturing (NYSE:SSD – Get Rating) last released its quarterly earnings results on Monday, April 25th. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.60. Simpson Manufacturing had a return on equity of 26.86% and a net margin of 18.07%. The business had revenue of $493.57 million during the quarter, compared to analyst estimates of $476.28 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Investors of record on Thursday, July 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.01%. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, July 6th. Simpson Manufacturing’s dividend payout ratio is currently 13.99%.
A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 20th. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $136.00 to $145.00 in a research note on Tuesday, April 26th.
Simpson Manufacturing Profile (Get Rating)
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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, strengthening and protection products.
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