Shufro Rose & Co. LLC maintained its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) during the second quarter, Holdings Channel reports. The fund owned 16,380 shares of the construction company’s stock at the end of the second quarter. Shufro Rose & Co. LLC’s holdings in Simpson Manufacturing were worth $716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LS Investment Advisors LLC increased its position in Simpson Manufacturing by 50.9% in the first quarter. LS Investment Advisors LLC now owns 2,416 shares of the construction company’s stock worth $104,000 after buying an additional 815 shares during the period. Elkfork Partners LLC increased its position in Simpson Manufacturing by 2.3% in the first quarter. Elkfork Partners LLC now owns 2,492 shares of the construction company’s stock worth $107,000 after buying an additional 56 shares during the period. Meadow Creek Investment Management LLC increased its position in Simpson Manufacturing by 2.3% in the first quarter. Meadow Creek Investment Management LLC now owns 3,026 shares of the construction company’s stock worth $130,000 after buying an additional 68 shares during the period. Ameritas Investment Partners Inc. bought a new position in Simpson Manufacturing during the first quarter worth approximately $154,000. Finally, State of Alaska Department of Revenue increased its position in Simpson Manufacturing by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,470 shares of the construction company’s stock worth $192,000 after buying an additional 90 shares during the period. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 43.35 on Wednesday. Simpson Manufacturing Company, Inc. has a 12 month low of $39.82 and a 12 month high of $48.41. The stock has a market capitalization of $2.05 billion, a P/E ratio of 21.15 and a beta of 1.41. The firm’s 50-day moving average is $43.80 and its 200 day moving average is $42.71.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The company had revenue of $263 million for the quarter, compared to analysts’ expectations of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. Simpson Manufacturing’s dividend payout ratio (DPR) is 40.98%.

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A number of research firms recently commented on SSD. BidaskClub raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, July 25th.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 106,776 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $43.90, for a total transaction of $4,687,466.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Sharon H. Simpson sold 67,163 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $43.62, for a total transaction of $2,929,650.06. The disclosure for this sale can be found here. Insiders have sold 350,999 shares of company stock worth $15,341,008 over the last three months. 0.36% of the stock is owned by corporate insiders.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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