Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 13.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,936 shares of the construction company's stock after selling 3,315 shares during the period. Amalgamated Bank's holdings in Simpson Manufacturing were worth $4,004,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock valued at $920,662,000 after buying an additional 278,283 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Simpson Manufacturing by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock valued at $271,972,000 after buying an additional 24,253 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Simpson Manufacturing by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock valued at $159,343,000 after buying an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Simpson Manufacturing by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock worth $101,928,000 after purchasing an additional 8,535 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Simpson Manufacturing by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company's stock worth $77,623,000 after purchasing an additional 4,195 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded up $2.14 on Friday, reaching $189.25. 192,219 shares of the company were exchanged, compared to its average volume of 283,825. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The company's 50-day moving average is $184.80 and its two-hundred day moving average is $177.85. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 25.00 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1-year low of $140.62 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the prior year, the business earned $2.43 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is currently 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company's stock, valued at approximately $3,660,866.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company's stock, valued at approximately $3,660,866.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company's stock, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,871 shares of company stock valued at $1,658,259. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. 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.