Ariel Investments LLC Sells 181,863 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ariel Investments LLC reduced its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 53.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,420 shares of the construction company's stock after selling 181,863 shares during the quarter. Ariel Investments LLC owned 0.37% of Simpson Manufacturing worth $26,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. EntryPoint Capital LLC purchased a new position in shares of Simpson Manufacturing during the first quarter worth about $29,000. Rise Advisors LLC bought a new position in shares of Simpson Manufacturing in the 1st quarter worth $37,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Simpson Manufacturing by 550.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company's stock valued at $45,000 after buying an additional 187 shares in the last quarter. CWM LLC lifted its holdings in shares of Simpson Manufacturing by 50.2% during the 1st quarter. CWM LLC now owns 323 shares of the construction company's stock worth $66,000 after acquiring an additional 108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Simpson Manufacturing in the second quarter worth $77,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares in the company, valued at $4,582,748.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Roger Dankel sold 2,700 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company's stock, valued at approximately $708,114.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,571 shares of company stock valued at $2,348,027. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

SSD traded up $0.79 during trading on Thursday, reaching $189.60. The stock had a trading volume of 172,648 shares, compared to its average volume of 288,774. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The business has a 50-day moving average of $180.75 and a 200-day moving average of $179.44. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The stock has a market cap of $7.99 billion, a PE ratio of 23.64 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.13). The firm had revenue of $596.98 million for the quarter, compared to analysts' expectations of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 earnings per share. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.04%.

About Simpson Manufacturing

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.