Simpson Manufacturing Co., Inc. (NYSE:SSD) Stake Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 24,138 shares of the construction company’s stock after selling 1,287 shares during the period. Mutual of America Capital Management LLC’s holdings in Simpson Manufacturing were worth $4,068,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SSD. TD Asset Management Inc increased its holdings in shares of Simpson Manufacturing by 517.1% in the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after purchasing an additional 465,193 shares during the period. Norges Bank acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $81,069,000. Vanguard Group Inc. increased 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 valued at $920,662,000 after purchasing an additional 278,283 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of Simpson Manufacturing by 250.5% in 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 acquired a new position in shares of Simpson Manufacturing in the 2nd quarter valued at about $15,010,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD opened at $189.26 on Monday. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 23.72 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. 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 50-day moving average is $180.44 and its 200-day moving average is $179.68.

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

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

Insider Buying and Selling

In related news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the transaction, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,571 shares of company stock worth $2,348,027. Insiders own 0.42% of the company’s stock.

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.