Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC cut its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 78.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,480 shares of the construction company’s stock after selling 12,749 shares during the quarter. Brown Capital Management LLC’s holdings in Simpson Manufacturing were worth $666,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in shares of Simpson Manufacturing during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing in the third quarter valued at $34,000. Prospera Private Wealth LLC acquired a new position in Simpson Manufacturing during the 3rd quarter worth $37,000. Huntington National Bank increased its position in shares of Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after purchasing an additional 184 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. The trade was a 36.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now owns 19,534 shares in the company, valued at approximately $3,660,866.94. This trade represents a 26.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,871 shares of company stock worth $1,658,259 over the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Simpson Manufacturing Trading Up 0.1 %

NYSE:SSD opened at $179.14 on Thursday. The firm has a market capitalization of $7.55 billion, a P/E ratio of 23.66 and a beta of 1.32. The business has a 50 day simple moving average of $186.17 and a 200 day simple moving average of $178.33. Simpson Manufacturing Co., Inc. has a 12-month low of $156.92 and a 12-month high of $218.38. 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 (NYSE:SSD) last announced its quarterly 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 firm had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the previous year, the business posted $2.43 EPS. Simpson Manufacturing’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. Simpson Manufacturing’s payout ratio is 14.80%.

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.