SkyOak Wealth LLC Has $271,000 Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

SkyOak Wealth LLC reduced its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 20.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,607 shares of the construction company’s stock after selling 416 shares during the period. SkyOak Wealth LLC’s holdings in Simpson Manufacturing were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SSD. B. Riley Wealth Advisors Inc. grew its position in Simpson Manufacturing by 76.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock valued at $686,000 after acquiring an additional 1,447 shares during the period. Axiom Investors LLC DE grew its holdings in shares of Simpson Manufacturing by 129.0% in the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after purchasing an additional 60,178 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth about $1,712,000. Epoch Investment Partners Inc. lifted its holdings in Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after purchasing an additional 232,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Roger Dankel sold 2,700 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the transaction, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. The disclosure for this sale can be found here. Insiders have sold a total of 12,571 shares of company stock worth $2,348,027 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $186.94 on Thursday. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 23.43 and a beta of 1.32. The firm’s 50-day moving average price is $179.53 and its two-hundred day moving average price is $180.12. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. During the same period in the previous year, the firm earned $2.50 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. Simpson Manufacturing’s dividend payout ratio is 14.04%.

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.