Goldman Sachs Group Inc. Has $30.21 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Goldman Sachs Group Inc. reduced its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,578 shares of the construction company’s stock after selling 11,842 shares during the period. Goldman Sachs Group Inc. owned 0.36% of Simpson Manufacturing worth $30,207,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in Simpson Manufacturing in the fourth quarter worth approximately $35,000. Headlands Technologies LLC acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth $37,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at $54,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $121,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simpson Manufacturing

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SSD shares. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird boosted their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $171.63 on Friday. The company has a market capitalization of $7.24 billion, a PE ratio of 21.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The company’s fifty day moving average price is $172.10 and its 200 day moving average price is $185.78.

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

Simpson Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

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.