SeaBridge Investment Advisors LLC Sells 1,640 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

SeaBridge Investment Advisors LLC trimmed its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,289 shares of the construction company's stock after selling 1,640 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Simpson Manufacturing were worth $2,087,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in Simpson Manufacturing by 3.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 46,648 shares of the construction company's stock valued at $7,327,000 after acquiring an additional 1,628 shares during the period. Whittier Trust Co. increased its position in Simpson Manufacturing by 2.0% in the 1st quarter. Whittier Trust Co. now owns 85,358 shares of the construction company's stock valued at $13,408,000 after acquiring an additional 1,678 shares during the period. Apollon Wealth Management LLC increased its position in Simpson Manufacturing by 1.4% in the 1st quarter. Apollon Wealth Management LLC now owns 5,404 shares of the construction company's stock valued at $849,000 after acquiring an additional 74 shares during the period. Edgestream Partners L.P. acquired a new position in Simpson Manufacturing in the 1st quarter valued at approximately $8,384,000. Finally, Securian Asset Management Inc. increased its position in Simpson Manufacturing by 3.2% in the 1st quarter. Securian Asset Management Inc. now owns 3,262 shares of the construction company's stock valued at $512,000 after acquiring an additional 100 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Down 0.3%

NYSE SSD traded down $0.55 on Friday, hitting $159.21. The company's stock had a trading volume of 174,272 shares, compared to its average volume of 251,873. 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 1-year low of $137.35 and a 1-year high of $197.82. The company's 50-day moving average is $159.05 and its 200 day moving average is $159.62. The firm has a market cap of $6.66 billion, a PE ratio of 20.73 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The company had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. During the same period in the prior year, the company posted $1.77 earnings per share. Simpson Manufacturing's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, July 3rd. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 0.73%. Simpson Manufacturing's dividend payout ratio is 15.10%.

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.