SG Americas Securities LLC Decreases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

SG Americas Securities LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 85.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 894 shares of the construction company's stock after selling 5,267 shares during the quarter. SG Americas Securities LLC's holdings in Simpson Manufacturing were worth $171,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SSD. Sanctuary Advisors LLC bought a new stake in Simpson Manufacturing in the 2nd quarter worth about $1,882,000. Aristides Capital LLC increased its position in shares of Simpson Manufacturing by 33.3% during the second quarter. Aristides Capital LLC now owns 4,000 shares of the construction company's stock valued at $674,000 after acquiring an additional 1,000 shares during the last quarter. Truist Financial Corp boosted its position in Simpson Manufacturing by 426.8% in the second quarter. Truist Financial Corp now owns 12,628 shares of the construction company's stock worth $2,128,000 after purchasing an additional 10,231 shares during the last quarter. Creative Planning grew its stake in Simpson Manufacturing by 2.2% in the 2nd quarter. Creative Planning now owns 13,501 shares of the construction company's stock valued at $2,275,000 after purchasing an additional 294 shares during the period. Finally, SkyView Investment Advisors LLC increased its position in shares of Simpson Manufacturing by 0.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company's stock valued at $1,544,000 after purchasing an additional 67 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a report on Monday.

Insider Buying and Selling

In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now directly owns 866 shares of the company's stock, valued at approximately $154,797.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now owns 866 shares of the company's stock, valued at $154,797.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Andersen sold 1,500 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now directly owns 8,438 shares of the company's stock, valued at $1,581,787.48. 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. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Up 0.3 %

Shares of Simpson Manufacturing stock opened at $176.48 on Thursday. 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 stock has a market capitalization of $7.44 billion, a P/E ratio of 22.12 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The stock's 50-day simple moving average is $184.29 and its 200 day simple moving average is $178.03.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $587.15 million for the quarter, compared to analysts' expectations of $589.00 million. During the same quarter in the previous year, the company posted $2.43 earnings per share. The business's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Simpson Manufacturing's payout ratio is 14.04%.

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.