B. Riley Wealth Advisors Inc. Cuts Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 39.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,021 shares of the construction company’s stock after selling 1,322 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Simpson Manufacturing were worth $341,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hancock Whitney Corp purchased a new position in Simpson Manufacturing in the 1st quarter worth approximately $1,712,000. Vanguard Group Inc. grew 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Simpson Manufacturing by 13.0% during the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company’s stock worth $9,527,000 after buying an additional 5,339 shares during the period. BOKF NA lifted its holdings in Simpson Manufacturing by 77.1% in the 1st quarter. BOKF NA now owns 1,725 shares of the construction company’s stock worth $347,000 after buying an additional 751 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Simpson Manufacturing by 849.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,057 shares of the construction company’s stock valued at $1,991,000 after buying an additional 8,998 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 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 Stock Up 0.5 %

Shares of NYSE SSD opened at $192.69 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38. The stock’s 50-day simple moving average is $181.94 and its 200-day simple moving average is $178.79. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 24.15 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. 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 company earned $2.50 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 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.