Aristides Capital LLC Sells 1,758 Shares of Simpson Manufacturing Company, Inc. $SSD

Key Points

• Aristides Capital LLC reduced its stake in Simpson Manufacturing Company by 44.0%, selling 1,758 shares, and now owns 2,241 shares valued at approximately $352,000.
• Simpson Manufacturing recently reported earnings surpassing expectations, with an EPS of $2.47 for the quarter, rising 5.7% in revenue year-over-year.
• The company declared a quarterly dividend of $0.29, with the ex-dividend date set for October 2nd, reflecting a 0.6% yield and a 14.80% payout ratio.

Aristides Capital LLC trimmed its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 44.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,241 shares of the construction company's stock after selling 1,758 shares during the quarter. Aristides Capital LLC's holdings in Simpson Manufacturing were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kestra Private Wealth Services LLC raised its position in shares of Simpson Manufacturing by 2.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,965 shares of the construction company's stock worth $466,000 after purchasing an additional 71 shares during the period. Apollon Wealth Management LLC increased its position in Simpson Manufacturing by 1.4% in the 1st quarter. Apollon Wealth Management LLC now owns 5,404 shares of the construction company's stock valued at $849,000 after acquiring an additional 74 shares during the period. Xponance Inc. increased its position in Simpson Manufacturing by 1.5% in the 1st quarter. Xponance Inc. now owns 5,262 shares of the construction company's stock valued at $827,000 after acquiring an additional 78 shares during the period. CWM LLC increased its position in Simpson Manufacturing by 39.1% in the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after acquiring an additional 93 shares during the period. Finally, State of Michigan Retirement System increased its position in Simpson Manufacturing by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 10,127 shares of the construction company's stock valued at $1,591,000 after acquiring an additional 100 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the completion of the sale, the executive vice president directly owned 7,794 shares in the company, valued at approximately $1,389,436.38. This trade represents a 24.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Andersen sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president owned 7,810 shares of the company's stock, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Price Performance

NYSE SSD traded down $2.03 on Friday, reaching $190.91. 224,715 shares of the stock traded hands, compared to its average volume of 268,976. The firm's fifty day simple moving average is $173.96 and its 200 day simple moving average is $163.08. The company has a quick ratio of 1.80, a current ratio of 3.37 and a debt-to-equity ratio of 0.18. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 24.35 and a beta of 1.26. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82.

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

Simpson Manufacturing Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, DA Davidson raised their target price 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $188.50.

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.