Simpson Manufacturing Co., Inc. (NYSE:SSD) Stock Position Trimmed by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC decreased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,543,241 shares of the construction company’s stock after selling 74,241 shares during the quarter. Simpson Manufacturing makes up approximately 1.9% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 6th largest holding. Kayne Anderson Rudnick Investment Management LLC owned 10.78% of Simpson Manufacturing worth $765,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of SSD. Norges Bank acquired a new position in Simpson Manufacturing during the fourth quarter worth approximately $81,069,000. D.A. Davidson & CO. lifted its holdings in shares of Simpson Manufacturing by 4.2% during the 4th quarter. D.A. Davidson & CO. now owns 4,704 shares of the construction company’s stock valued at $931,000 after acquiring an additional 190 shares in the last quarter. Corient Private Wealth LLC boosted its position in Simpson Manufacturing by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 3,289 shares of the construction company’s stock worth $651,000 after purchasing an additional 182 shares during the period. Assetmark Inc. increased its holdings in Simpson Manufacturing by 11.8% in the 4th quarter. Assetmark Inc. now owns 19,662 shares of the construction company’s stock valued at $3,893,000 after purchasing an additional 2,075 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in Simpson Manufacturing by 517.1% in the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after purchasing an additional 465,193 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 3.0 %

Shares of SSD opened at $189.35 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. Simpson Manufacturing Co., Inc. has a 12 month low of $123.93 and a 12 month high of $218.38. The stock has a market cap of $7.98 billion, a PE ratio of 23.73 and a beta of 1.32. The stock’s 50-day moving average is $180.44 and its two-hundred day moving average is $180.11.

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

Simpson Manufacturing Announces Dividend

The company 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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is 14.04%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the company’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 transaction, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the sale, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. The sale was disclosed in a legal filing 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 transaction of $514,188.00. Following 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 12,571 shares of company stock valued at $2,348,027 in the last quarter. Company 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.