Royce & Associates LP Sells 18,074 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royce & Associates LP trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,873 shares of the construction company's stock after selling 18,074 shares during the period. Royce & Associates LP owned 0.53% of Simpson Manufacturing worth $43,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 during the period. Conestoga Capital Advisors LLC grew its holdings in shares of 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 worth $271,972,000 after purchasing an additional 24,253 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Simpson Manufacturing by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock worth $159,343,000 after purchasing an additional 39,803 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock valued at $101,928,000 after acquiring an additional 8,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Simpson Manufacturing by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company's stock valued at $77,623,000 after purchasing an additional 4,195 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the sale, the chief executive officer now directly owns 19,534 shares of the company's stock, valued at $3,660,866.94. This represents a 26.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction 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. This trade represents a 36.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,871 shares of company stock worth $1,658,259. Company insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Trading Down 1.2 %

Shares of SSD traded down $2.20 during trading hours on Friday, hitting $180.37. The company had a trading volume of 121,256 shares, compared to its average volume of 280,646. The firm has a market cap of $7.60 billion, a P/E ratio of 24.12 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52-week low of $152.93 and a 52-week high of $218.38. The stock's 50 day moving average price is $185.57 and its 200 day moving average price is $178.25. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share 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 company had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the previous year, the firm posted $2.43 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

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.