Victory Capital Management Inc. Has $4.54 Million Holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Key Points

• Victory Capital Management Inc. reduced its stake in Simpson Manufacturing by 68.4%, holding approximately 0.07% of the company worth $4.54 million after selling over 62,500 shares.
• The company's latest earnings report indicated an EPS of $1.85, exceeding analysts' expectations of $1.71, while revenue reached $538.9 million.
• Simpson Manufacturing announced a quarterly dividend of $0.29 per share, with a payout ratio of 15.10%, to be paid on October 23rd.

Victory Capital Management Inc. cut its position in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 68.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,913 shares of the construction company's stock after selling 62,562 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Simpson Manufacturing worth $4,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new position in Simpson Manufacturing in the 4th quarter valued at $28,000. Investment Management Corp VA ADV bought a new stake in Simpson Manufacturing in the 4th quarter valued at $28,000. Harbor Capital Advisors Inc. bought a new stake in Simpson Manufacturing in the 1st quarter valued at $45,000. CWM LLC boosted its holdings in 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. boosted its holdings 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 purchasing an additional 321 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $165.61 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a fifty day moving average price of $158.93 and a two-hundred day moving average price of $159.55. The company has a market cap of $6.93 billion, a PE ratio of 21.56 and a beta of 1.28.

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

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.70%. Simpson Manufacturing's payout ratio is presently 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.

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.