Teachers Retirement System of The State of Kentucky Cuts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,296 shares of the construction company’s stock after selling 370 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Simpson Manufacturing were worth $2,543,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC increased its position in Simpson Manufacturing by 389.7% during the 2nd quarter. SG Americas Securities LLC now owns 6,161 shares of the construction company’s stock valued at $1,038,000 after buying an additional 4,903 shares in the last quarter. Raymond James & Associates raised its position in shares of Simpson Manufacturing by 7.4% in the 2nd quarter. Raymond James & Associates now owns 227,759 shares of the construction company’s stock worth $38,384,000 after purchasing an additional 15,776 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Simpson Manufacturing in the 2nd quarter worth about $213,000. &PARTNERS purchased a new stake in Simpson Manufacturing during the 2nd quarter valued at about $363,000. Finally, Ceredex Value Advisors LLC bought a new stake in Simpson Manufacturing during the 2nd quarter valued at about $9,303,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Down 0.7 %

Simpson Manufacturing stock opened at $184.37 on Monday. Simpson Manufacturing Co., Inc. has a 12 month low of $157.42 and a 12 month high of $218.38. The stock has a fifty day simple moving average of $185.39 and a two-hundred day simple moving average of $179.86. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 24.36 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). The business had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 earnings per share. Equities analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

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.