Simpson Manufacturing Company, Inc. $SSD Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC has reduced its stake in Simpson Manufacturing Company, Inc. by 39.6%, selling 2,857 shares and now holding 4,362 shares valued at approximately $685,000.
• Simpson Manufacturing reported a quarterly EPS of $2.47, surpassing analysts' expectations of $2.39, with revenue of $631.06 million representing a 5.7% increase compared to the previous year's quarter.
• The company declared a quarterly dividend of $0.29 per share, with the payout date set for October 23rd, reflecting an annualized yield of 0.6%.

Callan Family Office LLC reduced its position in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 39.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,362 shares of the construction company's stock after selling 2,857 shares during the quarter. Callan Family Office LLC's holdings in Simpson Manufacturing were worth $685,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SSD. Quarry LP bought a new position in Simpson Manufacturing in the fourth quarter worth about $28,000. Investment Management Corp VA ADV purchased a new stake in Simpson Manufacturing during the fourth quarter valued at approximately $28,000. Harbor Capital Advisors Inc. purchased a new stake in Simpson Manufacturing during the first quarter valued at approximately $45,000. CWM LLC lifted its position in 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 acquiring an additional 93 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after acquiring an additional 321 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Activity at Simpson Manufacturing

In related news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the transaction, the executive vice president directly owned 7,794 shares of the company's stock, valued at $1,389,436.38. This trade represents a 24.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded up $0.82 during midday trading on Monday, hitting $187.86. The company had a trading volume of 86,619 shares, compared to its average volume of 277,571. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 23.97 and a beta of 1.26. 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 fifty day simple moving average of $166.64 and a 200 day simple moving average of $161.27. 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 announced its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, beating the consensus estimate 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 net margin of 14.53% and a return on equity of 17.72%. Simpson Manufacturing's revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $2.31 EPS. As a group, analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

Analysts Set New Price Targets

Separately, DA Davidson increased their target price on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a research report on Tuesday, July 29th.

Simpson Manufacturing 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.