Simpson Manufacturing Company, Inc. (SSD) Shares Sold by Century Capital Management LLC

Century Capital Management LLC decreased its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 61.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,298 shares of the construction company’s stock after selling 16,438 shares during the period. Century Capital Management LLC’s holdings in Simpson Manufacturing were worth $450,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Simpson Manufacturing by 155,956.1% during the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock worth $224,596,000 after purchasing an additional 5,208,933 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Simpson Manufacturing by 3.6% during the first quarter. Vanguard Group Inc. now owns 3,561,119 shares of the construction company’s stock worth $153,448,000 after purchasing an additional 123,129 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Simpson Manufacturing by 11.0% during the second quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock worth $131,584,000 after purchasing an additional 297,244 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Simpson Manufacturing by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,743,634 shares of the construction company’s stock worth $75,133,000 after purchasing an additional 64,148 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Simpson Manufacturing by 10.4% during the second quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock worth $70,977,000 after purchasing an additional 153,164 shares during the last quarter. 83.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 46.19 on Wednesday. The company has a market cap of $2.18 billion, a PE ratio of 22.53 and a beta of 1.41. The stock’s 50 day moving average price is $43.80 and its 200-day moving average price is $42.68. Simpson Manufacturing Company, Inc. has a 12-month low of $39.82 and a 12-month high of $48.41.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.82%. Simpson Manufacturing’s payout ratio is 40.98%.

A number of brokerages have issued reports on SSD. BidaskClub raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Zacks Investment Research raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, July 25th.

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In other news, major shareholder Sharon H. Simpson sold 67,163 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $43.62, for a total transaction of $2,929,650.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Sharon H. Simpson sold 60,061 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $43.46, for a total transaction of $2,610,251.06. The disclosure for this sale can be found here. Insiders have sold 350,999 shares of company stock worth $15,341,008 over the last quarter. 0.36% of the stock is owned by company insiders.

Simpson Manufacturing 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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