Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,568 shares of the construction company’s stock after selling 4,787 shares during the period. Victory Capital Management Inc. owned approximately 0.29% of Simpson Manufacturing worth $24,266,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in shares of Simpson Manufacturing by 309.3% in the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock valued at $72,340,000 after purchasing an additional 364,910 shares during the last quarter. FMR LLC grew its position in Simpson Manufacturing by 48.6% during the third 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 during the period. Charles Schwab Investment Management Inc. increased its stake in Simpson Manufacturing by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock worth $88,679,000 after acquiring an additional 140,401 shares during the last quarter. Comerica Bank raised its holdings in shares of Simpson Manufacturing by 669.6% in the 3rd quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock worth $19,766,000 after purchasing an additional 114,795 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its stake in shares of Simpson Manufacturing by 1,190.4% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 34,840 shares of the construction company’s stock valued at $5,219,000 after purchasing an additional 32,140 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SSD. Robert W. Baird increased their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research 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.

Simpson Manufacturing Price Performance

SSD stock opened at $176.78 on Thursday. The stock has a 50-day simple moving average of $192.38 and a 200-day simple moving average of $181.64. The firm has a market cap of $7.51 billion, a P/E ratio of 22.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. Simpson Manufacturing Co., Inc. has a 1 year low of $117.08 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 EPS. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal 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 given a $0.28 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is presently 13.53%.

Insider Activity

In related news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the transaction, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock worth $770,924 over the last ninety days. Corporate insiders own 0.42% of the company’s stock.

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.