Simpson Manufacturing Company, Inc. (NYSE:SSD) is Conestoga Capital Advisors LLC's 10th Largest Position

Conestoga Capital Advisors LLC reduced its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,131,750 shares of the construction company's stock after selling 150,838 shares during the quarter. Simpson Manufacturing accounts for 2.7% of Conestoga Capital Advisors LLC's holdings, making the stock its 10th largest position. Conestoga Capital Advisors LLC owned approximately 2.70% of Simpson Manufacturing worth $177,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its holdings in Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after buying an additional 64 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Simpson Manufacturing by 2.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after purchasing an additional 70 shares in the last quarter. V Square Quantitative Management LLC raised its stake 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 purchasing an additional 95 shares during the last quarter. Arizona State Retirement System raised its stake in Simpson Manufacturing by 0.8% in the 4th quarter. Arizona State Retirement System now owns 12,237 shares of the construction company's stock valued at $2,029,000 after purchasing an additional 97 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Simpson Manufacturing by 23.0% in the 4th quarter. Signaturefd LLC now owns 525 shares of the construction company's stock valued at $87,000 after purchasing an additional 98 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

SSD traded up $0.97 during trading on Friday, reaching $153.61. The company's stock had a trading volume of 704,865 shares, compared to its average volume of 266,235. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 20.00 and a beta of 1.30. The firm has a fifty day simple moving average of $155.37 and a two-hundred day simple moving average of $161.92. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company has a quick ratio of 1.54, a current ratio of 3.17 and a debt-to-equity ratio of 0.19.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $531.81 million. During the same quarter last year, the firm earned $1.77 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS 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 paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.76%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.58%.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note 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.