Kayne Anderson Rudnick Investment Management LLC Has $765.67 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,543,241 shares of the construction company’s stock after selling 74,241 shares during the period. Simpson Manufacturing accounts for 1.9% of Kayne Anderson Rudnick Investment Management LLC’s portfolio, making the stock its 6th biggest position. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.11% of Simpson Manufacturing worth $765,672,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc raised its stake in Simpson Manufacturing by 517.1% during the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock worth $109,911,000 after acquiring an additional 465,193 shares during the period. Norges Bank acquired a new stake in shares of Simpson Manufacturing during the 4th quarter worth approximately $81,069,000. Vanguard Group Inc. lifted its holdings in shares of Simpson Manufacturing by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after purchasing an additional 232,600 shares during the period. Finally, Nia Impact Advisors LLC bought a new position in Simpson Manufacturing during the 2nd quarter worth $15,010,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $189.35 on Friday. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The firm has a market capitalization of $7.98 billion, a PE ratio of 23.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The business’s fifty day moving average price is $180.44 and its two-hundred day moving average price is $180.11.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). The firm had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The firm’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

Insider Transactions at Simpson Manufacturing

In related news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was 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 in the company, valued at approximately $3,660,866.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the business’s 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 sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Olosky sold 6,871 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,571 shares of company stock worth $2,348,027. Company insiders own 0.42% of the company’s stock.

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.