Los Angeles Capital Management & Equity Research Inc. Sells 3,170 Shares of Simpson Manufacturing Company, Inc. (SSD)
Los Angeles Capital Management & Equity Research Inc. decreased its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,656 shares of the construction company’s stock after selling 3,170 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.19% of Simpson Manufacturing worth $3,875,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in SSD. BlackRock Inc. raised its stake in shares of Simpson Manufacturing by 155,956.1% in the 1st quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock valued at $224,596,000 after buying an additional 5,208,933 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $18,828,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $17,521,000. Russell Investments Group Ltd. acquired a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $8,576,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Simpson Manufacturing by 20.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,057,804 shares of the construction company’s stock valued at $45,580,000 after buying an additional 177,602 shares in the last quarter. Institutional investors own 83.76% of the company’s stock.
A number of equities analysts have recently issued reports on SSD shares. BidaskClub upgraded shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th.
In other news, major shareholder Sharon H. Simpson sold 106,776 shares of Simpson Manufacturing stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $43.90, for a total transaction of $4,687,466.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Psb Fund Simpson sold 30,030 shares of Simpson Manufacturing stock in a transaction on Monday, June 26th. The stock was sold at an average price of $43.46, for a total value of $1,305,103.80. Following the sale, the insider now directly owns 1,312,337 shares of the company’s stock, valued at approximately $57,034,166.02. The disclosure for this sale can be found here. Insiders have sold 350,999 shares of company stock valued at $15,341,008 in the last three months. Insiders own 0.36% of the company’s stock.
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Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 46.16 on Thursday. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $48.41. The firm has a market cap of $2.18 billion, a PE ratio of 22.52 and a beta of 1.41. The stock has a 50 day moving average of $43.87 and a 200-day moving average of $42.71.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $259.05 million. During the same period in the previous year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be given 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 yield of 1.82%. Simpson Manufacturing’s dividend payout ratio (DPR) is 40.98%.
About Simpson Manufacturing
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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