GW&K Investment Management LLC Sells 2,802 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

GW&K Investment Management LLC cut its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,414 shares of the construction company's stock after selling 2,802 shares during the quarter. GW&K Investment Management LLC owned approximately 0.57% of Simpson Manufacturing worth $37,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. Quarry LP bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $28,000. Investment Management Corp VA ADV bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at about $45,000. CWM LLC raised its holdings in shares of Simpson Manufacturing by 39.1% in the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. grew its stake in Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after buying an additional 321 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Performance

SSD traded up $1.31 on Friday, reaching $164.86. The company had a trading volume of 41,944 shares, compared to its average volume of 267,677. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The stock has a market cap of $6.90 billion, a P/E ratio of 21.43 and a beta of 1.28. The company's fifty day moving average is $158.90 and its 200 day moving average is $159.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The business had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. During the same quarter in the prior year, the business earned $1.77 EPS. Simpson Manufacturing's quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts predict 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. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.70%. Simpson Manufacturing's dividend payout ratio is presently 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.