Axxcess Wealth Management LLC Sells 80 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Axxcess Wealth Management LLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,220 shares of the construction company’s stock after selling 80 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Simpson Manufacturing were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SSD. SG Americas Securities LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $137,000. Robeco Institutional Asset Management B.V. bought a new position in Simpson Manufacturing in the third quarter valued at about $98,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Simpson Manufacturing by 10.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,750 shares of the construction company’s stock valued at $861,000 after purchasing an additional 527 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Simpson Manufacturing by 19.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,135 shares of the construction company’s stock worth $1,369,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Simpson Manufacturing by 83.3% in the third quarter. Strs Ohio now owns 12,100 shares of the construction company’s stock valued at $1,812,000 after buying an additional 5,500 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $176.78 on Thursday. The business’s 50 day simple moving average is $192.38 and its 200 day simple moving average is $181.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. Simpson Manufacturing Co., Inc. has a one year low of $117.08 and a one year high of $218.38. The stock has a market capitalization of $7.51 billion, a PE ratio of 22.15 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. During the same period last year, the business posted $2.05 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, July 3rd. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s payout ratio is presently 13.53%.

Analyst Upgrades and Downgrades

SSD has been the topic of several recent research reports. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the transaction, the executive vice president now owns 28,764 shares in the company, valued at $5,697,573.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now owns 28,764 shares in the company, valued at $5,697,573.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is currently owned by company insiders.

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.