Simpson Manufacturing Co., Inc. (NYSE:SSD) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,138 shares of the construction company’s stock after selling 1,287 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Simpson Manufacturing worth $4,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in shares of Simpson Manufacturing by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock valued at $697,000 after purchasing an additional 72 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Simpson Manufacturing by 1.8% during the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock valued at $1,031,000 after purchasing an additional 90 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Simpson Manufacturing by 4.3% during the first quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock valued at $451,000 after purchasing an additional 91 shares in the last quarter. CWM LLC raised its stake in shares of Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after purchasing an additional 108 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Simpson Manufacturing by 3.0% during the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after purchasing an additional 109 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now directly owns 866 shares in the company, valued at $154,797.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $189.26 on Monday. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $180.44 and its 200 day simple moving average is $179.68. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The stock has a market cap of $7.98 billion, a P/E ratio of 23.72 and a beta of 1.32.

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 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 the consensus estimate of $604.67 million. During the same quarter last year, the firm posted $2.50 earnings per share. Simpson Manufacturing’s revenue was down .1% compared to the same quarter last year. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 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.