Yousif Capital Management LLC Sells 340 Shares of Simpson Manufacturing Company, Inc. $SSD

Yousif Capital Management LLC reduced its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,220 shares of the construction company’s stock after selling 340 shares during the period. Yousif Capital Management LLC’s holdings in Simpson Manufacturing were worth $2,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Simpson Manufacturing by 163.7% in the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company’s stock worth $184,000 after buying an additional 727 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Simpson Manufacturing by 708.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company’s stock worth $2,135,000 after acquiring an additional 11,908 shares in the last quarter. QRG Capital Management Inc. boosted its position in Simpson Manufacturing by 2.3% during the first quarter. QRG Capital Management Inc. now owns 5,235 shares of the construction company’s stock valued at $822,000 after purchasing an additional 120 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Simpson Manufacturing by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company’s stock valued at $776,000 after purchasing an additional 135 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Simpson Manufacturing by 1,070.0% in the first quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after purchasing an additional 321 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $174.24 on Friday. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 22.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37. The stock’s 50-day simple moving average is $182.50 and its 200-day simple moving average is $166.97.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The business had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 earnings per share. As a group, equities analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing’s payout ratio is presently 14.80%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the transaction, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeremy Gilstrap sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the transaction, the executive vice president directly owned 7,794 shares of the company’s stock, valued at $1,389,436.38. This represents a 24.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. DA Davidson raised their target price on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $191.00.

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.