Curated Wealth Partners LLC cut its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD – Free Report) by 88.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,865 shares of the construction company’s stock after selling 44,419 shares during the period. Curated Wealth Partners LLC’s holdings in Simpson Manufacturing were worth $1,002,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of SSD. Caitlin John LLC acquired a new position in Simpson Manufacturing during the second quarter worth $27,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Simpson Manufacturing during the first quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. bought a new position in Simpson Manufacturing during the second quarter valued at about $61,000. Fiduciary Financial Advisors acquired a new stake in shares of Simpson Manufacturing in the second quarter worth about $76,000. Finally, Versant Capital Management Inc lifted its position in shares of Simpson Manufacturing by 41.8% in the second quarter. Versant Capital Management Inc now owns 387 shares of the construction company’s stock worth $81,000 after buying an additional 114 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.
Insider Transactions at Simpson Manufacturing
In other Simpson Manufacturing news, CEO Michael Olosky sold 3,502 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $172.84, for a total transaction of $605,285.68. Following the completion of the sale, the chief executive officer directly owned 51,398 shares in the company, valued at $8,883,630.32. This represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by company insiders.
Simpson Manufacturing Price Performance
NYSE SSD opened at $175.24 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $179.73 and a 200 day simple moving average of $185.06. The company has a market cap of $7.21 billion, a P/E ratio of 19.15 and a beta of 1.32. Simpson Manufacturing Company, Inc. has a 1 year low of $156.32 and a 1 year high of $213.49.
Simpson Manufacturing (NYSE:SSD – Get Free Report) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. The business had revenue of $671.08 million for the quarter, compared to analyst estimates of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. Simpson Manufacturing’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $2.47 EPS. On average, sell-side analysts predict that Simpson Manufacturing Company, Inc. will post 9.30 EPS for the current year.
Simpson Manufacturing Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s dividend payout ratio is 13.11%.
Analyst Ratings Changes
Several research firms have recently issued reports on SSD. Stephens upped their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research note on Tuesday, July 28th. UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus boosted their target price on Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $216.25.
Read Our Latest Analysis on SSD
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc develops, manufactures and sells engineered structural solutions for wood, concrete and masonry construction. Its products are used to connect and reinforce building components in residential, commercial and industrial projects, as well as in infrastructure and seismic-strengthening applications.
The company’s offerings include structural connectors, fasteners, anchors, adhesives, reinforcing products and other building-system components. Through its Simpson Strong-Tie brand, Simpson also provides engineered systems, technical support, design tools, training and construction software intended to help contractors, engineers and building professionals design and install structural connections.
Founded in 1956, Simpson Manufacturing primarily serves customers through operations and distribution networks in the United States, Canada and Europe.
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