Simpson Manufacturing Company, Inc. (SSD) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,734 shares of the construction company’s stock after selling 2,700 shares during the period. Bahl & Gaynor Inc. owned 0.08% of Simpson Manufacturing worth $1,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SSD. BlackRock Inc. grew its stake in Simpson Manufacturing by 155,956.1% during the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock valued at $224,596,000 after acquiring an additional 5,208,933 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in Simpson Manufacturing during the second quarter valued at $18,828,000. Vaughan Nelson Investment Management L.P. purchased a new position in Simpson Manufacturing during the second quarter valued at $17,521,000. Franklin Resources Inc. grew its stake in Simpson Manufacturing by 11.0% during the second quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock valued at $131,584,000 after acquiring an additional 297,244 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Simpson Manufacturing during the second quarter valued at $8,576,000. 83.76% of the stock is owned by institutional investors.

Several research firms recently weighed in on SSD. BidaskClub cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd.

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Simpson Manufacturing Company, Inc. (NYSE:SSD) traded up 0.99% during trading on Friday, reaching $46.95. 438,352 shares of the company’s stock traded hands. The company has a 50-day moving average price of $44.09 and a 200 day moving average price of $42.78. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $48.41. The firm has a market capitalization of $2.22 billion, a PE ratio of 22.90 and a beta of 1.41.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The business had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, October 4th. Simpson Manufacturing’s payout ratio is 40.98%.

In other news, insider Psb Fund Simpson sold 30,030 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $43.46, for a total transaction of $1,305,103.80. Following the completion of the sale, the insider now owns 1,312,337 shares of the company’s stock, valued at $57,034,166.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Sharon H. Simpson sold 106,776 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $43.90, for a total transaction of $4,687,466.40. The disclosure for this sale can be found here. Insiders have sold 350,999 shares of company stock valued at $15,341,008 in the last ninety days. Insiders own 0.36% of the company’s stock.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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