Cerity Partners LLC reduced its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,031 shares of the construction company's stock after selling 2,699 shares during the period. Cerity Partners LLC's holdings in Simpson Manufacturing were worth $3,146,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP bought a new stake in Simpson Manufacturing in the fourth quarter worth approximately $28,000. Investment Management Corp VA ADV acquired a new stake in Simpson Manufacturing in the 4th quarter valued at about $28,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth approximately $45,000. Blue Trust Inc. boosted its stake in 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 acquiring an additional 321 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in Simpson Manufacturing by 64.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 437 shares of the construction company's stock valued at $72,000 after buying an additional 171 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.
Simpson Manufacturing Stock Performance
Shares of Simpson Manufacturing stock traded up $3.86 during trading on Tuesday, reaching $162.16. The company's stock had a trading volume of 272,720 shares, compared to its average volume of 251,487. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The business's 50-day moving average price is $159.05 and its 200-day moving average price is $159.54. The company has a quick ratio of 1.54, a current ratio of 3.17 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.78 billion, a PE ratio of 21.11 and a beta of 1.28.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The business had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same quarter in the prior year, the firm posted $1.77 EPS. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.72%. 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 payout ratio is presently 15.10%.
Simpson Manufacturing Company Profile
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Free Report)
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.
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