Conestoga Capital Advisors LLC Reduces Stock Holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Conestoga Capital Advisors LLC lessened its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,131,750 shares of the construction company's stock after selling 150,838 shares during the period. Simpson Manufacturing makes up about 2.7% of Conestoga Capital Advisors LLC's portfolio, making the stock its 10th largest holding. Conestoga Capital Advisors LLC owned approximately 2.70% of Simpson Manufacturing worth $177,775,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SSD. Van ECK Associates Corp boosted its stake in shares of Simpson Manufacturing by 29.3% during the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after purchasing an additional 8,170 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after buying an additional 95 shares during the last quarter. Rhumbline Advisers boosted its position in Simpson Manufacturing by 3.2% during the 4th quarter. Rhumbline Advisers now owns 114,984 shares of the construction company's stock worth $19,068,000 after buying an additional 3,589 shares during the period. Congress Asset Management Co. grew its holdings in Simpson Manufacturing by 71.3% during the 4th quarter. Congress Asset Management Co. now owns 3,485 shares of the construction company's stock worth $578,000 after acquiring an additional 1,450 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Trading Up 0.5%

Shares of SSD traded up $0.76 during trading hours on Wednesday, hitting $152.69. 491,020 shares of the stock were exchanged, compared to its average volume of 271,466. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The business has a 50-day moving average of $155.27 and a 200-day moving average of $162.14. The firm has a market capitalization of $6.39 billion, a P/E ratio of 19.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The firm had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same period last year, the business posted $1.77 EPS. The business's revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 annualized dividend and a dividend yield of 0.76%. Simpson Manufacturing's payout ratio is currently 14.58%.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

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.