Royce & Associates LP Sells 21,362 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

Royce & Associates LP lowered its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 10.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,486 shares of the construction company's stock after selling 21,362 shares during the quarter. Royce & Associates LP owned 0.44% of Simpson Manufacturing worth $29,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Simpson Manufacturing by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock valued at $697,294,000 after buying an additional 31,164 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in Simpson Manufacturing by 4.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company's stock valued at $232,148,000 after acquiring an additional 62,165 shares during the period. Geode Capital Management LLC raised its position in shares of Simpson Manufacturing by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock worth $117,804,000 after purchasing an additional 2,502 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Simpson Manufacturing by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company's stock valued at $104,545,000 after buying an additional 10,940 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Simpson Manufacturing by 90.4% during the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock valued at $96,405,000 after purchasing an additional 275,989 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Up 1.3%

NYSE SSD traded up $2.06 on Friday, reaching $165.61. The company had a trading volume of 251,137 shares, compared to its average volume of 288,688. The company's fifty day moving average is $158.93 and its 200 day moving average is $159.55. The stock has a market capitalization of $6.93 billion, a P/E ratio of 21.56 and a beta of 1.28. 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 Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its 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. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The company's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 EPS. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.70%. Simpson Manufacturing's payout ratio is currently 15.10%.

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.