Ameriprise Financial Inc. trimmed its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 508,025 shares of the construction company’s stock after selling 16,504 shares during the quarter. Ameriprise Financial Inc. owned 1.07% of Simpson Manufacturing worth $24,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC raised its position in Simpson Manufacturing by 62.3% during the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock valued at $114,000 after acquiring an additional 996 shares in the last quarter. SG Americas Securities LLC bought a new position in Simpson Manufacturing during the second quarter valued at approximately $148,000. Verity Asset Management Inc. bought a new position in Simpson Manufacturing during the second quarter valued at approximately $205,000. Wrapmanager Inc. raised its position in Simpson Manufacturing by 3.5% during the second quarter. Wrapmanager Inc. now owns 5,310 shares of the construction company’s stock valued at $232,000 after acquiring an additional 181 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in Simpson Manufacturing by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,337 shares of the construction company’s stock valued at $233,000 after acquiring an additional 53 shares in the last quarter. 84.57% of the stock is currently owned by hedge funds and other institutional investors.
In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 72,424 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $200,724.00, for a total transaction of $14,537,234,976.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 11,962 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $49.05, for a total value of $586,736.10. Following the transaction, the insider now owns 769,504 shares in the company, valued at approximately $37,744,171.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 966,062 shares of company stock worth $14,581,567,733. Corporate insiders own 0.36% of the company’s stock.
Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) traded up $0.28 during mid-day trading on Friday, reaching $60.43. The company’s stock had a trading volume of 206,300 shares, compared to its average volume of 215,056. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $61.62. The firm has a market capitalization of $2,845.92, a P/E ratio of 32.69, a PEG ratio of 6.42 and a beta of 1.52.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a yield of 1.39%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.58%.
Several equities analysts recently weighed in on SSD shares. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price objective on shares of Simpson Manufacturing in a research report on Friday, October 20th. BidaskClub lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st.
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Simpson Manufacturing Company 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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