Conestoga Capital Advisors LLC decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,371,655 shares of the construction company's stock after selling 13,323 shares during the quarter. Simpson Manufacturing makes up 2.5% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Conestoga Capital Advisors LLC's holdings in Simpson Manufacturing were worth $138,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of Simpson Manufacturing by 115.3% in the 1st quarter. Signaturefd LLC now owns 239 shares of the construction company's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Simpson Manufacturing in the 1st quarter valued at about $30,000. Allworth Financial LP increased its holdings in shares of Simpson Manufacturing by 62.5% in the 2nd quarter. Allworth Financial LP now owns 325 shares of the construction company's stock valued at $33,000 after acquiring an additional 125 shares during the last quarter. Okabena Investment Services Inc. purchased a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $93,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Simpson Manufacturing in the 1st quarter valued at about $84,000. Hedge funds and other institutional investors own 89.52% of the company's stock.
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Simpson Manufacturing Stock Performance
NYSE:SSD traded up $3.04 during mid-day trading on Monday, reaching $81.44. 5,676 shares of the stock were exchanged, compared to its average volume of 204,361. The company has a 50 day simple moving average of $94.17 and a 200-day simple moving average of $101.33. The stock has a market capitalization of $3.52 billion, a P/E ratio of 10.25 and a beta of 1.18. The company has a quick ratio of 1.84, a current ratio of 3.33 and a debt-to-equity ratio of 0.52. Simpson Manufacturing Co., Inc. has a 1 year low of $76.96 and a 1 year high of $141.26.
Simpson Manufacturing (NYSE:SSD – Get Rating) last released its quarterly earnings results on Monday, July 25th. The construction company reported $2.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.18 by ($0.02). The firm had revenue of $593.23 million for the quarter, compared to analysts' expectations of $579.84 million. Simpson Manufacturing had a return on equity of 27.51% and a net
margin of 17.44%. The company's quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.35 earnings per share for the current fiscal year.
Simpson Manufacturing Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Thursday, October 6th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $1.04 dividend on an annualized basis and a yield of 1.28%. Simpson Manufacturing's payout ratio is 13.59%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Wednesday, September 21st.
Insiders Place Their Bets
In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the chief financial officer now directly owns 22,547 shares of the company's stock, valued at approximately $2,308,587.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Brian J. Magstadt sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $102.39, for a total value of $255,975.00. Following the completion of the sale, the chief financial officer now directly owns 22,547 shares of the company's stock, valued at approximately $2,308,587.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Roger Dankel sold 600 shares of the firm's stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the completion of the sale, the insider now directly owns 31,212 shares of the company's stock, valued at $3,277,260. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,600 shares of company stock valued at $568,975. 0.60% of the stock is owned by company insiders.
Simpson Manufacturing Company Profile
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Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.
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