Simpson Manufacturing Company, Inc. $SSD Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly reduced its stake in Simpson Manufacturing by 80.9% in the first quarter, owning 2,328 shares valued at $366,000 as of the latest SEC filing.
• Institutional investors now hold 93.68% of Simpson Manufacturing's stock, with several funds, including Ameriprise Financial and GAMMA Investing, increasing their positions by over 41,000% and 90% respectively.
• Simpson Manufacturing recently announced a quarterly dividend of $0.29 per share, with a 0.6% yield, set to be paid out to investors on October 23rd.

Quantbot Technologies LP trimmed its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 80.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,328 shares of the construction company's stock after selling 9,836 shares during the quarter. Quantbot Technologies LP's holdings in Simpson Manufacturing were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Simpson Manufacturing by 0.7% during the 1st quarter. Northern Trust Corp now owns 556,097 shares of the construction company's stock valued at $87,352,000 after purchasing an additional 4,111 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Simpson Manufacturing by 6.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 673,535 shares of the construction company's stock valued at $105,799,000 after purchasing an additional 43,099 shares in the last quarter. RMR Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 42.8% during the 1st quarter. RMR Capital Management LLC now owns 2,885 shares of the construction company's stock valued at $453,000 after purchasing an additional 865 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Simpson Manufacturing by 20.3% during the 1st quarter. Raymond James Financial Inc. now owns 396,291 shares of the construction company's stock valued at $62,249,000 after purchasing an additional 66,774 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of Simpson Manufacturing by 13.3% during the 1st quarter. Cresset Asset Management LLC now owns 1,589 shares of the construction company's stock valued at $250,000 after purchasing an additional 186 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded down $2.03 during trading on Monday, reaching $190.91. The company had a trading volume of 224,715 shares, compared to its average volume of 261,357. The firm's 50-day simple moving average is $173.96 and its 200 day simple moving average is $163.04. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The firm has a market capitalization of $7.95 billion, a PE ratio of 24.35 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.08. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. The company had revenue of $631.06 million for the quarter, compared to analysts' expectations of $601.80 million. During the same quarter in the previous year, the company posted $2.31 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 2nd. Simpson Manufacturing's payout ratio is 14.80%.

Analysts Set New Price Targets

Separately, DA Davidson lifted their target price on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Simpson Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $188.50.

Insider Buying and Selling 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 stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares of the company's stock, valued at approximately $1,389,436.38. This trade represents a 24.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares of the company's stock, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

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.