Tudor Investment Corp ET AL trimmed its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 74.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,649 shares of the construction company’s stock after selling 22,065 shares during the period. Tudor Investment Corp ET AL’s holdings in Simpson Manufacturing were worth $334,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of SSD. Karp Capital Management Corp bought a new position in shares of Simpson Manufacturing in the first quarter worth approximately $521,000. Parametric Portfolio Associates LLC grew its position in Simpson Manufacturing by 4.2% during the first quarter. Parametric Portfolio Associates LLC now owns 73,123 shares of the construction company’s stock valued at $3,151,000 after acquiring an additional 2,971 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Simpson Manufacturing during the first quarter valued at approximately $154,000. Mason Street Advisors LLC grew its position in Simpson Manufacturing by 7.2% during the first quarter. Mason Street Advisors LLC now owns 9,471 shares of the construction company’s stock valued at $408,000 after acquiring an additional 640 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Simpson Manufacturing by 56.5% during the first quarter. Envestnet Asset Management Inc. now owns 10,113 shares of the construction company’s stock valued at $434,000 after acquiring an additional 3,651 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.
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In other news, major shareholder Sharon H. Simpson sold 21,933 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $49.19, for a total transaction of $1,078,884.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Sharon H. Simpson sold 72,424 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $200,724.00, for a total value of $14,537,234,976.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,962 shares of company stock worth $14,557,231,556. Corporate insiders own 0.36% of the company’s stock.
Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 49.22 on Friday. The company has a market capitalization of $2.33 billion, a PE ratio of 24.01 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a 12 month low of $39.82 and a 12 month high of $50.10. The firm’s 50-day moving average is $47.19 and its 200-day moving average is $43.68.
Simpson Manufacturing (NYSE:SSD) last released its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $263.00 million for the quarter, compared to the consensus estimate of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Equities analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.
A number of brokerages have commented on SSD. BidaskClub upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, July 25th.
Simpson Manufacturing Profile
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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