Simpson Manufacturing Company, Inc. $SSD Stake Lowered by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 53.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,109 shares of the construction company’s stock after selling 33,775 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Simpson Manufacturing were worth $4,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Simpson Manufacturing by 0.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,534,724 shares of the construction company’s stock worth $712,314,000 after purchasing an additional 40,461 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Simpson Manufacturing by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 1,747,872 shares of the construction company’s stock worth $274,556,000 after buying an additional 30,614 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Simpson Manufacturing by 6.8% during the first quarter. Burgundy Asset Management Ltd. now owns 673,535 shares of the construction company’s stock valued at $105,799,000 after acquiring an additional 43,099 shares in the last quarter. Ameriprise Financial Inc. grew its position in Simpson Manufacturing by 8.0% in the first quarter. Ameriprise Financial Inc. now owns 627,696 shares of the construction company’s stock worth $98,602,000 after acquiring an additional 46,290 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Simpson Manufacturing by 0.7% during the 1st quarter. Northern Trust Corp now owns 556,097 shares of the construction company’s stock worth $87,352,000 after purchasing an additional 4,111 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 1.2%

Shares of SSD stock opened at $170.48 on Friday. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a quick ratio of 1.80, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. The firm has a market cap of $7.09 billion, a PE ratio of 20.76 and a beta of 1.27. The stock has a 50 day moving average of $177.79 and a 200-day moving average of $169.96.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.21. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The business had revenue of $623.51 million for the quarter, compared to analyst estimates of $607.79 million. During the same quarter in the previous year, the firm posted $2.21 earnings per share. Simpson Manufacturing’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Friday, January 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, January 2nd. Simpson Manufacturing’s payout ratio is currently 14.13%.

Analyst Upgrades and Downgrades

SSD has been the subject of several analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $190.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $201.00.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the sale, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. This trade represents a 11.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by company insiders.

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.