Segall Bryant & Hamill LLC Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Segall Bryant & Hamill LLC lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 47,881 shares of the construction company’s stock after selling 1,803 shares during the period. Segall Bryant & Hamill LLC’s holdings in Simpson Manufacturing were worth $9,158,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in shares of Simpson Manufacturing during the 1st quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the third quarter worth $34,000. Prospera Private Wealth LLC bought a new position in Simpson Manufacturing in the third quarter worth $37,000. Huntington National Bank lifted its position in Simpson Manufacturing by 73.2% during the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after buying an additional 142 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after buying an additional 184 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Activity

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. This trade represents a 26.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now owns 866 shares of the company’s stock, valued at $154,797.50. This represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,871 shares of company stock worth $1,658,259 over the last 90 days. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $181.26 on Friday. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month 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 capitalization of $7.64 billion, a P/E ratio of 23.94 and a beta of 1.32. The stock’s 50 day moving average is $186.31 and its 200 day moving average is $178.35.

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

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

Simpson Manufacturing 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.