Amalgamated Bank Cuts Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Amalgamated Bank trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDGet Rating) by 4.6% during the first quarter, Holdings Channel.com reports. The fund owned 29,548 shares of the construction company’s stock after selling 1,418 shares during the quarter. Amalgamated Bank’s holdings in Simpson Manufacturing were worth $3,222,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Simpson Manufacturing by 115.3% during the 1st quarter. Signaturefd LLC now owns 239 shares of the construction company’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth $30,000. Okabena Investment Services Inc. bought a new stake in shares of Simpson Manufacturing during the 4th quarter worth $93,000. Point72 Hong Kong Ltd bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth $84,000. Finally, Covestor Ltd raised its stake in shares of Simpson Manufacturing by 59.5% during the 1st quarter. Covestor Ltd now owns 815 shares of the construction company’s stock worth $89,000 after purchasing an additional 304 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday.

Simpson Manufacturing Trading Down 2.5 %

Shares of Simpson Manufacturing stock opened at $80.14 on Friday. Simpson Manufacturing Co., Inc. has a 52-week low of $79.83 and a 52-week high of $141.26. The stock’s 50-day simple moving average is $97.54 and its 200 day simple moving average is $103.17. The stock has a market capitalization of $3.46 billion, a P/E ratio of 10.48 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 3.33.

Simpson Manufacturing (NYSE:SSDGet Rating) last announced its quarterly earnings data on Monday, July 25th. The construction company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.02). Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. The firm had revenue of $593.23 million during the quarter, compared to the consensus estimate of $579.84 million. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The company’s revenue was up 44.6% on a year-over-year basis. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.35 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 6th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 13.59%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the transaction, the chief financial officer now owns 20,047 shares in the company, valued at $2,004,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the transaction, the chief financial officer now directly owns 20,047 shares of the company’s stock, valued at $2,004,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the sale, the insider now directly owns 31,212 shares in the company, valued at approximately $3,277,260. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock worth $568,975 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Simpson Manufacturing Company Profile

(Get Rating)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

See Also

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 Co., Inc. (NYSE:SSDGet Rating).

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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