Simpson Manufacturing Company, Inc. (NYSE:SSD) Shares Sold by SeaBridge Investment Advisors LLC

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

A number of other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $28,000. Investment Management Corp VA ADV purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth about $28,000. Harbor Capital Advisors Inc. purchased a new position in shares of Simpson Manufacturing during the first quarter worth about $45,000. CWM LLC grew its holdings in shares of Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company's stock worth $52,000 after purchasing an additional 93 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock worth $55,000 after purchasing an additional 321 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD traded down $1.30 during midday trading on Friday, reaching $158.46. 38,687 shares of the company were exchanged, compared to its average volume of 251,267. The company has a current ratio of 3.17, a quick ratio of 1.54 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 stock has a fifty day simple moving average of $159.02 and a 200 day simple moving average of $159.66. The stock has a market cap of $6.63 billion, a P/E ratio of 20.62 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The firm had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. During the same quarter last year, the company posted $1.77 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio (DPR) 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.