Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 78.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,480 shares of the construction company's stock after selling 12,749 shares during the quarter. Brown Capital Management LLC's holdings in Simpson Manufacturing were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 278,283 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Simpson Manufacturing by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock worth $271,972,000 after buying an additional 24,253 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Simpson Manufacturing by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock valued at $159,343,000 after purchasing an additional 39,803 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in Simpson Manufacturing by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock worth $101,928,000 after buying an additional 8,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Simpson Manufacturing by 1.1% in the first 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 last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Buying and Selling at Simpson Manufacturing

In related news, CEO Michael Olosky sold 6,871 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. This represents a 26.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. This trade represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,871 shares of company stock worth $1,658,259 in the last three months. 0.42% of the stock is owned by corporate insiders.

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, October 21st.

Simpson Manufacturing Stock Up 1.3 %

SSD stock traded up $2.26 during trading on Thursday, reaching $181.26. 116,378 shares of the company traded hands, compared to its average volume of 277,884. 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 has a market capitalization of $7.64 billion, a price-to-earnings ratio of 23.94 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 12 month low of $157.42 and a 12 month high of $218.38. The business has a 50 day simple moving average of $186.31 and a 200 day simple moving average of $178.35.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results 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 return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same period in the prior year, the business posted $2.43 earnings per share. Simpson Manufacturing's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

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.