Segall Bryant & Hamill LLC Sells 1,803 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Segall Bryant & Hamill LLC decreased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 47,881 shares of the construction company’s stock after selling 1,803 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.11% of Simpson Manufacturing worth $9,158,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. purchased a new position in shares of Simpson Manufacturing in the second quarter worth about $35,884,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after acquiring an additional 173,097 shares during the period. Nia Impact Advisors LLC purchased a new position in shares of Simpson Manufacturing in the second quarter valued at $15,010,000. Millennium Management LLC raised its stake in shares of Simpson Manufacturing by 57.8% during the 2nd quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock valued at $33,990,000 after purchasing an additional 73,872 shares during the period. Finally, WCM Investment Management LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter worth about $13,395,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

Insider Activity at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. This represents a 36.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Andersen sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now directly owns 8,438 shares in the company, valued at approximately $1,581,787.48. This represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,871 shares of company stock valued at $1,658,259 over the last three months. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Up 1.3 %

Shares of NYSE:SSD opened at $181.26 on Friday. The firm has a fifty day moving average price of $186.31 and a two-hundred day moving average price of $178.35. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 23.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 EPS. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Simpson Manufacturing Company 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.