Royce & Associates LP Trims Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royce & Associates LP reduced its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 224,873 shares of the construction company’s stock after selling 18,074 shares during the quarter. Royce & Associates LP owned approximately 0.53% of Simpson Manufacturing worth $43,011,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in Simpson Manufacturing during the 1st quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in Simpson Manufacturing during the 3rd quarter valued at $34,000. Huntington National Bank increased its position in Simpson Manufacturing by 73.2% during the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after purchasing an additional 142 shares during the period. GAMMA Investing LLC increased its position in Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after purchasing an additional 184 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at $77,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. This trade represents a 26.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing 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 sale, the director now owns 866 shares of the company’s stock, valued at $154,797.50. The trade was a 36.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,871 shares of company stock valued at $1,658,259. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $182.57 on Friday. Simpson Manufacturing Co., Inc. has a 12 month low of $152.93 and a 12 month high of $218.38. The stock has a market cap of $7.70 billion, a PE ratio of 24.12 and a beta of 1.32. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $185.57 and its 200-day moving average price is $178.25.

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

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

About Simpson Manufacturing

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.