Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Trimmed by Seven Eight Capital LP

Seven Eight Capital LP reduced its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 49.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,601 shares of the construction company’s stock after selling 5,579 shares during the quarter. Seven Eight Capital LP’s holdings in Simpson Manufacturing were worth $944,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 278,283 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in Simpson Manufacturing by 1.4% during the second quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock valued at $235,551,000 after purchasing an additional 19,312 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Simpson Manufacturing by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after purchasing an additional 39,803 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Simpson Manufacturing by 3.1% in the 4th quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company’s stock worth $179,918,000 after purchasing an additional 27,490 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Simpson Manufacturing by 1.1% during the 1st quarter. Burgundy Asset Management Ltd. now owns 596,271 shares of the construction company’s stock worth $122,343,000 after purchasing an additional 6,777 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Down 3.0 %

Shares of NYSE SSD opened at $189.35 on Friday. The business has a 50 day simple moving average of $180.28 and a 200 day simple moving average of $180.27. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 23.73 and a beta of 1.32. 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 (NYSE:SSD) last announced 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 for the quarter, compared to analyst estimates of $604.67 million. During the same quarter last year, the company earned $2.50 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing 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 transaction, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the company’s 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 sale, the director now owns 866 shares of the company’s stock, valued at $154,797.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

About Simpson Manufacturing

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.