Vanguard Group Inc. Sells 27,774 Shares of Simpson Manufacturing Company, Inc. $SSD

Vanguard Group Inc. lessened its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,177,097 shares of the construction company's stock after selling 27,774 shares during the period. Vanguard Group Inc. owned 9.95% of Simpson Manufacturing worth $656,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SSD. Quarry LP bought a new stake in shares of Simpson Manufacturing during the fourth quarter valued at about $28,000. Investment Management Corp VA ADV acquired a new position in shares of Simpson Manufacturing during the 4th quarter valued at $28,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Simpson Manufacturing in the first quarter valued at $45,000. CWM LLC boosted its stake in Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after buying an additional 93 shares in 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 worth $55,000 after acquiring an additional 321 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares in the company, valued at approximately $1,389,436.38. This trade 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 the SEC website. 0.39% of the stock is currently owned by company insiders.

Simpson Manufacturing Stock Up 0.6%

SSD stock traded up $1.05 during mid-day trading on Monday, hitting $188.09. The stock had a trading volume of 64,675 shares, compared to its average volume of 277,457. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 24.02 and a beta of 1.26. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The company has a fifty day moving average of $166.64 and a 200 day moving average of $161.27.

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

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given 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 (DPR) is 14.80%.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their target price on shares of 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 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.