Cim Investment Management Inc. Has $297,000 Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cim Investment Management Inc. lessened its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 19.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,761 shares of the construction company’s stock after selling 417 shares during the quarter. Cim Investment Management Inc.’s holdings in Simpson Manufacturing were worth $297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after acquiring an additional 278,283 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of 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 last quarter. D. E. Shaw & Co. Inc. acquired a new position in Simpson Manufacturing during the 2nd quarter worth approximately $35,884,000. The Manufacturers Life Insurance Company lifted its stake in Simpson Manufacturing by 336.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after purchasing an additional 173,097 shares during the last quarter. Finally, Nia Impact Advisors LLC acquired a new stake in Simpson Manufacturing in the second quarter valued at approximately $15,010,000. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares in the company, valued at approximately $708,114.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction dated 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 directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing 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 sale, the executive vice president now owns 24,064 shares of the company’s stock, valued at $4,582,748.16. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock valued at $2,348,027 in the last three months. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 0.8 %

Shares of NYSE:SSD opened at $191.18 on Friday. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a market capitalization of $8.06 billion, a PE ratio of 23.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The company has a fifty day moving average of $181.09 and a 200-day moving average of $179.42.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). The firm had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. Simpson Manufacturing’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.50 earnings per share. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business 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 payout ratio is 14.04%.

Simpson Manufacturing 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.