American Century Companies Inc. Has $4.39 Million Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Key Points

• American Century Companies Inc. reduced its stake in Simpson Manufacturing Company by 11.5%, owning approximately 27,968 shares valued at $4.4 million after selling 3,626 shares in the first quarter.
• Simpson Manufacturing reported earnings per share (EPS) of $2.47 for the last quarter, exceeding estimates and reflecting a year-over-year revenue increase of 5.7% to $631.06 million.
• The company declared a quarterly dividend of $0.29 per share, with a yield of 0.6%, to be paid on October 23rd, signaling continued shareholder return strategies.

American Century Companies Inc. reduced its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,968 shares of the construction company's stock after selling 3,626 shares during the quarter. American Century Companies Inc. owned 0.07% of Simpson Manufacturing worth $4,393,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new position in Simpson Manufacturing during the 4th quarter worth approximately $28,000. Investment Management Corp VA ADV bought a new stake in shares of Simpson Manufacturing during the fourth quarter valued at approximately $28,000. Harbor Capital Advisors Inc. bought a new stake in Simpson Manufacturing during the 1st quarter valued at $45,000. CWM LLC increased its holdings in shares of Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Simpson Manufacturing by 1,070.0% during the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock worth $55,000 after buying an additional 321 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson lifted their price target on Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $188.50.

Insider Activity at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total transaction of $196,130.00. Following the transaction, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. The trade was a 11.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president directly owned 7,794 shares of the company's stock, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.39% of the company's stock.

Simpson Manufacturing Trading Down 0.3%

Shares of NYSE:SSD traded down $0.54 during midday trading on Wednesday, reaching $187.63. The company had a trading volume of 110,267 shares, compared to its average volume of 275,903. The company has a fifty day simple moving average of $175.19 and a two-hundred day simple moving average of $163.33. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 23.96 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.08. The company had revenue of $631.06 million during the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 earnings per share. Research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing's payout ratio is presently 14.80%.

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.