Louisiana State Employees Retirement System Sells 200 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Louisiana State Employees Retirement System trimmed its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,700 shares of the construction company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Simpson Manufacturing were worth $2,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Simpson Manufacturing during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $34,000. GAMMA Investing LLC grew its holdings in shares of Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Simpson Manufacturing in the second quarter worth $77,000. Finally, Summit Securities Group LLC bought a new stake in Simpson Manufacturing during the 2nd quarter valued at $80,000. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Down 2.5 %

Shares of NYSE:SSD opened at $180.72 on Wednesday. The stock’s 50-day moving average is $184.74 and its 200 day moving average is $177.82. The company has a market cap of $7.62 billion, a PE ratio of 23.87 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. Simpson Manufacturing Co., Inc. has a 1 year low of $128.76 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (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 business had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period last year, the firm posted $2.43 earnings per share. Simpson Manufacturing’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target 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.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares in the company, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the transaction, the executive vice president now owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This trade 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 this link. Also, Director James S. Andrasick sold 500 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 866 shares in the company, valued at $154,797.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,571 shares of company stock worth $2,348,027 over the last 90 days. 0.42% of the stock is owned by company insiders.

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.