State of New Jersey Common Pension Fund D Sells 5,498 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

State of New Jersey Common Pension Fund D trimmed its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,103 shares of the construction company’s stock after selling 5,498 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Simpson Manufacturing were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. EntryPoint Capital LLC acquired a new position in Simpson Manufacturing in the first quarter valued at about $29,000. Rise Advisors LLC acquired a new position in shares of Simpson Manufacturing during the first quarter worth about $37,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Simpson Manufacturing by 550.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock worth $45,000 after buying an additional 187 shares during the period. CWM LLC boosted its position in shares of Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after buying an additional 108 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Simpson Manufacturing during the second quarter worth about $77,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Up 1.3 %

SSD stock opened at $186.94 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The stock has a market capitalization of $7.88 billion, a P/E ratio of 23.43 and a beta of 1.32. The business has a 50-day moving average of $179.53 and a 200-day moving average of $180.12. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly 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 net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same period last year, the company posted $2.50 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.60%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

Insider Activity at Simpson Manufacturing

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

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.