Simpson Manufacturing Company, Inc. (SSD) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,114 shares of the construction company’s stock after selling 3,800 shares during the quarter. Alliancebernstein L.P. owned approximately 0.13% of Simpson Manufacturing worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $148,000. Ameritas Investment Partners Inc. bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at approximately $154,000. Victory Capital Management Inc. increased its holdings in shares of Simpson Manufacturing by 49.8% in the 1st quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock valued at $220,000 after acquiring an additional 1,693 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Simpson Manufacturing by 12.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,261 shares of the construction company’s stock valued at $227,000 after acquiring an additional 600 shares during the last quarter. Finally, Wrapmanager Inc. increased its holdings in shares of Simpson Manufacturing by 3.5% in the 2nd quarter. Wrapmanager Inc. now owns 5,310 shares of the construction company’s stock valued at $232,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

In related news, major shareholder Sharon H. Simpson sold 72,424 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Psb Fund Simpson sold 95,322 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $49.54, for a total value of $4,722,251.88. The disclosure for this sale can be found here. Insiders have sold a total of 310,752 shares of company stock valued at $14,549,010,118 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

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SSD has been the subject of a number of recent research reports. Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, June 19th.

Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 49.12 on Friday. The company’s 50-day moving average price is $46.87 and its 200-day moving average price is $43.61. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.10. The company has a market capitalization of $2.32 billion, a P/E ratio of 23.96 and a beta of 1.40.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The business had revenue of $263.00 million during 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%. Simpson Manufacturing’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. On average, equities analysts forecast 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. Investors of record on Thursday, October 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.

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.

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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