Natixis Advisors LLC Has $3.02 Million Stake in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Key Points

• Natixis Advisors LLC reduced its holdings in Simpson Manufacturing by 15%, selling 3,384 shares, bringing their total to 19,222 shares valued at $3,019,000.
• Simpson Manufacturing reported a Q2 EPS of $2.47, exceeding estimates, with revenue of $631.06 million—up 5.7% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, which will be paid on October 23rd, representing an annual yield of 0.6%.

Natixis Advisors LLC cut its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,222 shares of the construction company's stock after selling 3,384 shares during the period. Natixis Advisors LLC's holdings in Simpson Manufacturing were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of Simpson Manufacturing by 37.4% during the 4th quarter. LPL Financial LLC now owns 9,913 shares of the construction company's stock valued at $1,644,000 after purchasing an additional 2,697 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Simpson Manufacturing by 15.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,613 shares of the construction company's stock worth $765,000 after buying an additional 629 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Simpson Manufacturing by 35.0% in the 4th quarter. Wellington Management Group LLP now owns 84,197 shares of the construction company's stock valued at $13,962,000 after acquiring an additional 21,818 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Simpson Manufacturing by 70.3% in the fourth quarter. Franklin Resources Inc. now owns 4,890 shares of the construction company's stock valued at $811,000 after acquiring an additional 2,019 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in 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 acquiring an additional 2,502 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Down 0.5%

SSD traded down $0.96 during trading on Friday, reaching $181.07. 227,015 shares of the stock were exchanged, compared to its average volume of 279,541. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37. The stock's 50 day moving average price is $163.07 and its two-hundred day moving average price is $160.55. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The stock has a market cap of $7.57 billion, a P/E ratio of 23.10 and a beta of 1.26.

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

Simpson Manufacturing Announces Dividend

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

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the transaction, the executive vice president owned 7,794 shares in the company, valued at $1,389,436.38. This trade represents a 24.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson raised their price target on Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th.

Simpson Manufacturing 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.