Amalgamated Bank lessened its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 16.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,381 shares of the construction company's stock after selling 4,469 shares during the quarter. Amalgamated Bank owned about 0.05% of Simpson Manufacturing worth $4,592,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Simpson Manufacturing by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,208,812 shares of the construction company's stock valued at $833,261,000 after acquiring an additional 49,142 shares in the last quarter. FMR LLC lifted its holdings in shares of Simpson Manufacturing by 48.6% during the 3rd quarter. FMR LLC now owns 1,051,150 shares of the construction company's stock valued at $157,473,000 after acquiring an additional 343,986 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Simpson Manufacturing by 3.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company's stock valued at $179,918,000 after acquiring an additional 27,490 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Simpson Manufacturing by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company's stock valued at $88,679,000 after acquiring an additional 140,401 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of Simpson Manufacturing by 3.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 589,494 shares of the construction company's stock valued at $116,708,000 after acquiring an additional 21,726 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.
Simpson Manufacturing Stock Down 0.9 %
SSD stock traded down $1.56 during trading on Thursday, reaching $170.69. The stock had a trading volume of 241,798 shares, compared to its average volume of 264,983. Simpson Manufacturing Co., Inc. has a 1-year low of $117.08 and a 1-year high of $218.38. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $7.20 billion, a P/E ratio of 21.29 and a beta of 1.33. The firm has a fifty day moving average price of $185.32 and a 200 day moving average price of $184.47.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. During the same quarter in the prior year, the firm earned $2.05 EPS. The business's quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 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 25th. Shareholders of record on Thursday, July 4th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.27. Simpson Manufacturing's payout ratio is currently 13.53%.
Insider Transactions at Simpson Manufacturing
In other news, EVP Jennifer Lutz sold 750 shares of the business's stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares of the company's stock, valued at approximately $861,347.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Roger Dankel sold 850 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the sale, the executive vice president now owns 28,764 shares of the company's stock, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Lutz sold 750 shares of the business's stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the sale, the executive vice president now directly owns 5,033 shares of the company's stock, valued at approximately $861,347.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,600 shares of company stock valued at $1,069,763. Insiders own 0.42% of the company's stock.
Analyst Upgrades and Downgrades
SSD has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd.
Check Out Our Latest Stock Report on Simpson Manufacturing
Simpson Manufacturing Profile
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Free Report)
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.
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