Eagle Asset Management Inc. Cuts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Eagle Asset Management Inc. lowered its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 69,980 shares of the construction company’s stock after selling 1,117 shares during the quarter. Eagle Asset Management Inc.’s holdings in Simpson Manufacturing were worth $13,244,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Conestoga Capital Advisors LLC grew its stake in shares of Simpson Manufacturing by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock valued at $271,972,000 after buying an additional 24,253 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Simpson Manufacturing by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after acquiring an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Simpson Manufacturing by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock valued at $101,928,000 after purchasing an additional 8,535 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after purchasing an additional 6,585 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Simpson Manufacturing by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock valued at $77,623,000 after buying an additional 4,195 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 1.9 %

NYSE:SSD opened at $184.77 on Friday. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.79 billion, a PE ratio of 24.41 and a beta of 1.32. The business’s 50 day moving average is $186.37 and its two-hundred day moving average is $178.35.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $2.43 earnings per share. On average, analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. This represents a 15.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. This trade represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,871 shares of company stock valued at $1,658,259. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

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.