Vestmark Advisory Solutions Inc. Sells 539 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Vestmark Advisory Solutions Inc. trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,862 shares of the construction company’s stock after selling 539 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Simpson Manufacturing were worth $6,506,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. M&T Bank Corp lifted its stake in shares of Simpson Manufacturing by 66.2% in the 4th quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock valued at $5,250,000 after purchasing an additional 10,564 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Simpson Manufacturing by 4.6% during the fourth quarter. Natixis Advisors L.P. now owns 11,820 shares of the construction company’s stock valued at $2,340,000 after purchasing an additional 522 shares during the last quarter. Robertson Stephens Wealth Management LLC bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $210,000. Van ECK Associates Corp grew its stake in shares of Simpson Manufacturing by 34.3% in the 4th quarter. Van ECK Associates Corp now owns 12,164 shares of the construction company’s stock worth $2,408,000 after buying an additional 3,109 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its position in Simpson Manufacturing by 12.3% during the 4th quarter. Anchor Capital Advisors LLC now owns 7,598 shares of the construction company’s stock valued at $1,504,000 after buying an additional 830 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Up 1.6 %

SSD stock traded up $2.84 during midday trading on Friday, hitting $181.05. The company’s stock had a trading volume of 228,708 shares, compared to its average volume of 412,556. The company has a market cap of $7.69 billion, a PE ratio of 22.69 and a beta of 1.33. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. Simpson Manufacturing Co., Inc. has a 12 month low of $117.08 and a 12 month high of $218.38. The firm’s 50-day moving average is $193.89 and its 200-day moving average is $180.65.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. Simpson Manufacturing’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be given a $0.28 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. Simpson Manufacturing’s dividend payout ratio is presently 13.53%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the transaction, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer Chatman sold 934 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock valued at $770,924 over the last quarter. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of recent research reports. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th.

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.