Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Northern Trust Corp

Northern Trust Corp decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 713,253 shares of the construction company’s stock after selling 43,459 shares during the period. Northern Trust Corp owned approximately 1.67% of Simpson Manufacturing worth $141,210,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SSD. Xponance Inc. grew its stake in shares of Simpson Manufacturing by 1.1% in the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after purchasing an additional 67 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Simpson Manufacturing by 1.5% in the 4th quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 112 shares during the last quarter. Financial Advocates Investment Management grew its stake in shares of Simpson Manufacturing by 9.7% in the 4th quarter. Financial Advocates Investment Management now owns 1,601 shares of the construction company’s stock worth $317,000 after purchasing an additional 142 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter worth approximately $29,000. Finally, Truist Financial Corp boosted its holdings in shares of Simpson Manufacturing by 6.4% in the fourth quarter. Truist Financial Corp now owns 2,561 shares of the construction company’s stock worth $507,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now directly owns 5,033 shares in the company, valued at approximately $861,347.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,600 shares of company stock worth $646,983. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

SSD has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Read Our Latest Stock Report on SSD

Simpson Manufacturing Stock Performance

SSD stock opened at $160.10 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. The stock has a market cap of $6.75 billion, a P/E ratio of 20.06 and a beta of 1.33. The firm has a 50 day simple moving average of $176.30 and a 200 day simple moving average of $185.95. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSDGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.07). The company 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 revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be issued a dividend of $0.28 per share. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.53%.

About Simpson Manufacturing

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

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