Charles Schwab Investment Management Inc. Has $76.74 Million Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Charles Schwab Investment Management Inc. cut its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 0.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 488,509 shares of the construction company's stock after selling 2,076 shares during the period. Charles Schwab Investment Management Inc. owned about 1.16% of Simpson Manufacturing worth $76,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. Principal Financial Group Inc. raised its position in Simpson Manufacturing by 0.4% during the first quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company's stock valued at $15,262,000 after acquiring an additional 380 shares in the last quarter. GAMMA Investing LLC raised its position in Simpson Manufacturing by 163.7% during the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company's stock valued at $184,000 after acquiring an additional 727 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Simpson Manufacturing by 708.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company's stock valued at $2,135,000 after acquiring an additional 11,908 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Simpson Manufacturing by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company's stock valued at $776,000 after purchasing an additional 135 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after purchasing an additional 321 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded up $1.18 on Monday, hitting $188.22. The company's stock had a trading volume of 64,675 shares, compared to its average volume of 277,457. The firm has a market cap of $7.83 billion, a P/E ratio of 24.02 and a beta of 1.26. The company has a quick ratio of 1.80, a current ratio of 3.37 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $166.64 and a 200-day moving average price of $161.27. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share 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 business had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. During the same quarter in the prior year, the firm earned $2.31 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $178.27, for a total transaction of $445,675.00. Following the sale, the executive vice president owned 7,794 shares of the company's stock, valued at $1,389,436.38. This represents a 24.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, DA Davidson boosted their price objective on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 29th.

About Simpson Manufacturing

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.