Algert Global LLC Has $720,000 Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Algert Global LLC trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 73.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,275 shares of the construction company's stock after selling 11,685 shares during the period. Algert Global LLC's holdings in Simpson Manufacturing were worth $720,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SSD. EntryPoint Capital LLC bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in Simpson Manufacturing during the 1st quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. grew its position in Simpson Manufacturing by 550.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company's stock worth $45,000 after acquiring an additional 187 shares during the last quarter. CWM LLC grew its position in 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. bought a new stake in Simpson Manufacturing during the 2nd quarter worth approximately $77,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Price Performance

NYSE SSD traded up $1.03 during trading hours on Friday, reaching $191.78. 173,092 shares of the company's stock were exchanged, compared to its average volume of 219,874. The stock has a market cap of $8.09 billion, a PE ratio of 24.03 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The firm has a fifty day moving average of $181.91 and a 200-day moving average of $179.04. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25.

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

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing's dividend payout ratio is 14.04%.

Insiders Place Their Bets

In other news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares of the company's stock, valued at $708,114.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Roger Dankel sold 2,700 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares of the company's stock, valued at approximately $4,582,748.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing 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.