Simpson Manufacturing Co., Inc. (NYSE:SSD) Holdings Cut by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,433 shares of the construction company’s stock after selling 2,418 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $3,577,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the first quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $37,000. GAMMA Investing LLC acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $35,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Simpson Manufacturing by 550.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after purchasing an additional 187 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the transaction, the executive vice president now owns 5,033 shares in the company, valued at $861,347.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD traded down $1.80 during mid-day trading on Friday, reaching $162.45. 226,886 shares of the company traded hands, compared to its average volume of 315,009. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The firm has a market cap of $6.85 billion, a PE ratio of 20.36 and a beta of 1.32. The stock has a fifty day simple moving average of $169.86 and a 200-day simple moving average of $184.51.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). The business had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 EPS. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be given a $0.28 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a yield of 0.69%. Simpson Manufacturing’s payout ratio is 14.04%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. 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, and strengthening and protection products.