Royal Bank of Canada Sells 2,885 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royal Bank of Canada cut its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,024 shares of the construction company’s stock after selling 2,885 shares during the period. Royal Bank of Canada’s holdings in Simpson Manufacturing were worth $38,974,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP bought a new position in Simpson Manufacturing during the 4th quarter valued at about $28,000. Park Place Capital Corp bought a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $29,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $30,000. UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SSD has been the topic of a number of research analyst reports. DA Davidson lowered their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird lowered their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Up 0.2%

Shares of Simpson Manufacturing stock opened at $155.39 on Friday. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 20.45 and a beta of 1.34. The company’s 50 day moving average is $154.17 and its 200 day moving average is $165.88. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. Simpson Manufacturing’s dividend payout ratio is 15.10%.

Simpson Manufacturing Company 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.