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

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

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Simpson Manufacturing by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock worth $697,294,000 after acquiring an additional 31,164 shares in the last quarter. Baker Avenue Asset Management LP increased its position in shares of Simpson Manufacturing by 4.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company's stock worth $232,148,000 after purchasing an additional 62,165 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Simpson Manufacturing by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock valued at $117,804,000 after purchasing an additional 2,502 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Simpson Manufacturing by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company's stock worth $104,545,000 after purchasing an additional 10,940 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock worth $96,405,000 after purchasing an additional 275,989 shares in the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

SSD stock traded down $2.18 during trading on Wednesday, reaching $157.19. The company had a trading volume of 187,668 shares, compared to its average volume of 269,203. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 20.47 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17. The firm has a 50-day simple moving average of $155.80 and a 200-day simple moving average of $161.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The business 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 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 earnings per share. As a group, sell-side analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current 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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.74%. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.58%.

Analysts Set New Price Targets

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

Simpson Manufacturing 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.