Principal Financial Group Inc. Trims Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Principal Financial Group Inc. trimmed its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 37.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,721 shares of the construction company’s stock after selling 57,920 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Simpson Manufacturing worth $18,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SSD. SkyView Investment Advisors LLC lifted its holdings in shares of Simpson Manufacturing by 0.7% during the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock valued at $1,544,000 after purchasing an additional 67 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Simpson Manufacturing by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock valued at $697,000 after buying an additional 72 shares in the last quarter. Inspire Investing LLC raised its stake in Simpson Manufacturing by 4.0% during the third quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock valued at $466,000 after buying an additional 94 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Simpson Manufacturing by 0.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock worth $7,473,000 after acquiring an additional 100 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Simpson Manufacturing by 3.0% in the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were 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 approximately $154,797.50. The trade was a 36.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Andersen sold 1,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. This trade represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,871 shares of company stock valued at $1,658,259. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Down 0.8 %

NYSE:SSD opened at $182.57 on Friday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 24.12 and a beta of 1.32. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average price is $185.57 and its 200-day moving average price is $178.25. Simpson Manufacturing Co., Inc. has a 52 week low of $152.93 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued 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 business had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same quarter in the prior year, the business posted $2.43 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.61%. Simpson Manufacturing’s payout ratio is 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

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.