Royce & Associates LP Sells 18,074 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royce & Associates LP trimmed its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 224,873 shares of the construction company’s stock after selling 18,074 shares during the period. Royce & Associates LP’s holdings in Simpson Manufacturing were worth $43,011,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SSD. EntryPoint Capital LLC purchased a new position in Simpson Manufacturing in the first quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Simpson Manufacturing in the third quarter worth about $34,000. Huntington National Bank boosted its position in Simpson Manufacturing by 73.2% in the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. GAMMA Investing LLC boosted its position in Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Simpson Manufacturing in the second quarter worth about $77,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Down 0.8 %

SSD stock opened at $182.57 on Friday. Simpson Manufacturing Co., Inc. has a twelve month low of $152.93 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 stock has a market cap of $7.70 billion, a P/E ratio of 24.12 and a beta of 1.32. The business’s 50-day moving average price is $185.57 and its 200-day moving average price is $178.25.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data 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). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the previous year, the firm earned $2.43 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. Simpson Manufacturing’s payout ratio is currently 14.80%.

Insider Activity

In related news, EVP Michael Andersen sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now directly owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. The trade was a 15.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. This represents a 26.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,871 shares of company stock valued at $1,658,259 in the last ninety days. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research 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.