EP Wealth Advisors LLC Sells 127,516 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

EP Wealth Advisors LLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 91.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,312 shares of the construction company's stock after selling 127,516 shares during the period. EP Wealth Advisors LLC's holdings in Simpson Manufacturing were worth $2,042,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SSD. Quarry LP bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $28,000. Park Place Capital Corp bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $29,000. R Squared Ltd bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $30,000. UMB Bank n.a. boosted its holdings in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after acquiring an additional 97 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of SSD traded up $7.00 during trading hours on Monday, reaching $164.49. 276,264 shares of the company traded hands, compared to its average volume of 270,148. The stock's fifty day moving average is $153.93 and its 200 day moving average is $166.76. The stock has a market cap of $6.90 billion, a P/E ratio of 21.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The business had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, July 3rd. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is 15.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. DA Davidson cut their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

About Simpson Manufacturing

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.