Vestcor Inc Has $685,000 Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Vestcor Inc cut its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 35.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,581 shares of the construction company’s stock after selling 1,943 shares during the quarter. Vestcor Inc’s holdings in Simpson Manufacturing were worth $685,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SSD. SG Americas Securities LLC increased its holdings in shares of Simpson Manufacturing by 389.7% in the second quarter. SG Americas Securities LLC now owns 6,161 shares of the construction company’s stock valued at $1,038,000 after purchasing an additional 4,903 shares during the last quarter. Genesee Capital Advisors LLC grew its stake in Simpson Manufacturing by 24.9% in the 2nd quarter. Genesee Capital Advisors LLC now owns 3,460 shares of the construction company’s stock valued at $583,000 after buying an additional 690 shares during the last quarter. Raymond James & Associates raised its holdings in Simpson Manufacturing by 7.4% in the 2nd quarter. Raymond James & Associates now owns 227,759 shares of the construction company’s stock valued at $38,384,000 after acquiring an additional 15,776 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in Simpson Manufacturing during the second quarter worth approximately $213,000. Finally, &PARTNERS bought a new stake in shares of Simpson Manufacturing during the second quarter worth approximately $363,000. Institutional investors own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Down 2.3 %

Shares of NYSE SSD opened at $185.69 on Friday. The stock has a market capitalization of $7.83 billion, a P/E ratio of 24.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The stock’s fifty day moving average is $185.53 and its 200 day moving average is $179.61.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.43 earnings per share. Sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed 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. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is 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.