Franklin Resources Inc. Has $955,000 Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Franklin Resources Inc. reduced its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 4,823 shares of the construction company’s stock after selling 693 shares during the period. Franklin Resources Inc.’s holdings in Simpson Manufacturing were worth $955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Xponance Inc. increased its position in Simpson Manufacturing by 1.1% in the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock valued at $1,231,000 after acquiring an additional 67 shares during the period. Cerity Partners LLC increased its position in Simpson Manufacturing by 1.5% in the 4th quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock valued at $1,517,000 after acquiring an additional 112 shares during the period. Financial Advocates Investment Management increased its position in Simpson Manufacturing by 9.7% in the 4th quarter. Financial Advocates Investment Management now owns 1,601 shares of the construction company’s stock valued at $317,000 after acquiring an additional 142 shares during the period. Contravisory Investment Management Inc. acquired a new position in Simpson Manufacturing in the 4th quarter valued at approximately $29,000. Finally, Truist Financial Corp increased its position in Simpson Manufacturing by 6.4% in the 4th quarter. Truist Financial Corp now owns 2,561 shares of the construction company’s stock valued at $507,000 after acquiring an additional 155 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Roger Dankel sold 850 shares of the 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 in the company, valued at $5,697,573.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now owns 28,764 shares in the company, valued at $5,697,573.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Lutz sold 750 shares of the firm’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 sale, the executive vice president now owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The disclosure for this sale can be found here. Insiders sold a total of 3,600 shares of company stock worth $646,983 over the last quarter. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

SSD opened at $161.37 on Friday. 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’s fifty day moving average price is $178.02 and its two-hundred day moving average price is $185.61. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 20.22 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSDGet Free Report) last released its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders 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 annualized dividend and a dividend yield of 0.69%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s dividend payout ratio is currently 13.53%.

Analysts Set New Price Targets

SSD has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company 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 research note on Thursday, May 2nd.

Get Our Latest Stock Report on Simpson Manufacturing

Simpson Manufacturing Company Profile

(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.

See Also

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

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