SG Americas Securities LLC Lowers Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

SG Americas Securities LLC trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 85.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 894 shares of the construction company’s stock after selling 5,267 shares during the quarter. SG Americas Securities LLC’s holdings in Simpson Manufacturing were worth $171,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its holdings in Simpson Manufacturing by 0.7% during the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock worth $1,544,000 after acquiring an additional 67 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Simpson Manufacturing by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after purchasing an additional 72 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Simpson Manufacturing by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after purchasing an additional 90 shares during the period. Private Advisor Group LLC lifted its stake in shares of Simpson Manufacturing by 4.3% in 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 during the period. Finally, Tidal Investments LLC boosted its holdings in Simpson Manufacturing by 3.0% during the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after buying an additional 109 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday.

Simpson Manufacturing Stock Up 0.3 %

SSD opened at $176.48 on Thursday. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 22.12 and a beta of 1.32. The business’s fifty day moving average is $184.29 and its two-hundred day moving average is $178.03. 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 released its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business had revenue of $587.15 million during the quarter, compared to analysts’ expectations of $589.00 million. During the same quarter in the prior year, the firm earned $2.43 earnings per share. Simpson Manufacturing’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.04%.

Insider Activity at Simpson Manufacturing

In other news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was 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 in the company, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is owned by insiders.

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.