California State Teachers Retirement System Reduces Stake in Simpson Manufacturing Company, Inc. $SSD

California State Teachers Retirement System decreased its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,372 shares of the construction company's stock after selling 166 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Simpson Manufacturing worth $9,917,328 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $27,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Simpson Manufacturing during the 1st quarter worth $37,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Simpson Manufacturing during the second quarter valued at approximately $61,000. Fiduciary Financial Advisors acquired a new stake in shares of Simpson Manufacturing in the second quarter valued at about $76,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Simpson Manufacturing by 70.1% in the 4th quarter. Hantz Financial Services Inc. now owns 495 shares of the construction company's stock worth $80,000 after buying an additional 204 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 3,502 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $172.84, for a total transaction of $605,285.68. Following the transaction, the chief executive officer directly owned 51,398 shares in the company, valued at approximately $8,883,630.32. This represents a 6.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company's stock.

Simpson Manufacturing Stock Up 0.7%

Shares of Simpson Manufacturing stock traded up $1.18 during trading hours on Tuesday, hitting $172.77. The company had a trading volume of 102,506 shares, compared to its average volume of 283,536. The company's 50-day moving average is $187.62 and its two-hundred day moving average is $186.29. Simpson Manufacturing Company, Inc. has a twelve month low of $156.32 and a twelve month high of $213.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.29 and a quick ratio of 2.14. The company has a market cap of $7.11 billion, a P/E ratio of 18.90 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. During the same quarter in the previous year, the firm posted $2.47 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.20 annualized dividend and a yield of 0.7%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Simpson Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 24th. UBS Group reissued a "neutral" rating on shares of Simpson Manufacturing in a report on Tuesday, July 28th. Stifel Nicolaus lifted their price objective on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Stephens increased their target price on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the stock a "cautious" rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $216.25.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc develops, manufactures and sells engineered structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications such as new construction, remodeling, seismic strengthening and infrastructure projects.

The company's product portfolio includes structural connectors, fasteners, anchors, adhesives, truss plates, reinforcing systems and related construction products.

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