Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Decreased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 28.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,436 shares of the construction company’s stock after selling 585 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Simpson Manufacturing were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSD. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter valued at $34,000. Prospera Private Wealth LLC purchased a new stake in Simpson Manufacturing during the third quarter valued at about $37,000. Millburn Ridgefield Corp acquired a new position in shares of Simpson Manufacturing in the third quarter worth about $51,000. Huntington National Bank increased its position in shares of Simpson Manufacturing by 73.2% in the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after acquiring an additional 142 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after acquiring an additional 184 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Down 0.3 %

NYSE:SSD opened at $168.22 on Friday. The business’s fifty day moving average price is $183.61 and its 200 day moving average price is $179.96. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 22.22 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. Simpson Manufacturing Co., Inc. has a 1-year low of $157.42 and a 1-year high of $218.38.

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

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.