Simpson Manufacturing Company, Inc. (NYSE:SSD) Shares Sold by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc lessened its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 45.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the construction company's stock after selling 1,600 shares during the period. Yorktown Management & Research Co Inc's holdings in Simpson Manufacturing were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Oppenheimer Asset Management Inc. boosted its holdings in Simpson Manufacturing by 3.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,931 shares of the construction company's stock worth $2,974,000 after buying an additional 715 shares during the last quarter. Illumine Investment Management LLC boosted its holdings in Simpson Manufacturing by 29.6% in the 1st quarter. Illumine Investment Management LLC now owns 4,649 shares of the construction company's stock worth $730,000 after buying an additional 1,061 shares during the last quarter. 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 worth $55,000 after buying an additional 321 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Simpson Manufacturing by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company's stock worth $776,000 after buying an additional 135 shares during the last quarter. Finally, Mayfair Advisory Group LLC boosted its holdings in Simpson Manufacturing by 6.6% in the 1st quarter. Mayfair Advisory Group LLC now owns 1,700 shares of the construction company's stock worth $267,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock traded down $0.70 on Friday, hitting $157.16. 644,517 shares of the company were exchanged, compared to its average volume of 269,258. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.46 and a beta of 1.30. The company has a 50-day moving average price of $156.43 and a 200 day moving average price of $160.79. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. 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 (NYSE:SSD - Get Free Report) last issued its earnings results 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. The business had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 EPS. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. 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 0.74%. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is currently 14.58%.

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.