Oregon Public Employees Retirement Fund reduced its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,011 shares of the construction company’s stock after selling 128 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Simpson Manufacturing were worth $1,528,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Inspire Investing LLC acquired a new stake in Simpson Manufacturing during the 1st quarter worth approximately $280,000. Virginia Retirement Systems ET AL raised its holdings in shares of Simpson Manufacturing by 713.3% in the first quarter. Virginia Retirement Systems ET AL now owns 12,200 shares of the construction company’s stock valued at $1,330,000 after purchasing an additional 10,700 shares during the last quarter. Redwood Investments LLC raised its holdings in shares of Simpson Manufacturing by 0.4% in the first quarter. Redwood Investments LLC now owns 237,258 shares of the construction company’s stock valued at $25,871,000 after purchasing an additional 964 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Simpson Manufacturing by 17.7% in the first quarter. Congress Asset Management Co. MA now owns 122,930 shares of the construction company’s stock valued at $13,404,000 after purchasing an additional 18,522 shares during the last quarter. Finally, Insight Folios Inc acquired a new position in Simpson Manufacturing during the first quarter worth $477,000. Hedge funds and other institutional investors own 91.44% of the company’s stock.
SSD has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $136.00 to $145.00 in a report on Tuesday, April 26th. StockNews.com downgraded shares of Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 20th.
In related news, Director James S. Andrasick sold 1,180 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $104.29, for a total value of $123,062.20. Following the transaction, the director now directly owns 1,178 shares of the company’s stock, valued at $122,853.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now directly owns 32,412 shares in the company, valued at $3,403,260. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $2,110,512 over the last ninety days. Insiders own 0.60% of the company’s stock.
SSD stock opened at $103.88 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.85 and a quick ratio of 4.40. The company has a fifty day moving average price of $102.66 and a two-hundred day moving average price of $111.98. Simpson Manufacturing Co., Inc. has a one year low of $87.73 and a one year high of $141.26. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 14.53 and a beta of 1.19.
Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its earnings results on Monday, April 25th. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.60. Simpson Manufacturing had a net margin of 18.07% and a return on equity of 26.86%. The company had revenue of $493.57 million during the quarter, compared to analysts’ expectations of $476.28 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. Simpson Manufacturing’s quarterly revenue was up 42.0% on a year-over-year basis. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, July 6th. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.55%.
Simpson Manufacturing Company 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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