Louisiana State Employees Retirement System Has $2.01 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Louisiana State Employees Retirement System lessened its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,900 shares of the construction company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Simpson Manufacturing were worth $2,006,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its position in Simpson Manufacturing by 76.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock worth $686,000 after buying an additional 1,447 shares in the last quarter. Axiom Investors LLC DE lifted its position in Simpson Manufacturing by 129.0% during the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after buying an additional 60,178 shares in the last quarter. Hancock Whitney Corp acquired a new position in Simpson Manufacturing during the 1st quarter worth about $1,712,000. Epoch Investment Partners Inc. lifted its position in Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock worth $64,433,000 after buying an additional 232,600 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after buying an additional 278,283 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $186.29 on Friday. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38. The company has a market cap of $7.85 billion, a PE ratio of 23.34 and a beta of 1.32. The company’s 50-day moving average is $175.65 and its two-hundred day moving average is $182.39.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same quarter in the previous year, the company posted $2.50 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. Simpson Manufacturing’s payout ratio is presently 14.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the transaction, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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.