Advantage Alpha Capital Partners LP Sells 5,811 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Advantage Alpha Capital Partners LP cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 19.1% in the third quarter, HoldingsChannel.com reports. The fund owned 24,558 shares of the construction company’s stock after selling 5,811 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Simpson Manufacturing were worth $4,697,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after purchasing an additional 333,390 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Simpson Manufacturing in the second quarter valued at about $35,884,000. The Manufacturers Life Insurance Company raised its position in shares of Simpson Manufacturing by 336.6% during the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after purchasing an additional 173,097 shares during the period. Nia Impact Advisors LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter valued at about $15,010,000. Finally, Fisher Asset Management LLC grew its position in shares of Simpson Manufacturing by 67.2% in the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company’s stock valued at $41,976,000 after purchasing an additional 88,235 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In related news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. This represents a 36.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their target price 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 Performance

SSD opened at $197.04 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 26.03 and a beta of 1.32. The business’s 50-day moving average price is $186.65 and its two-hundred day moving average price is $178.50. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 21st. The construction company reported $2.21 EPS 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 firm 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 company’s revenue was up 1.2% on a year-over-year basis. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio 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.