The Simpson Manufacturing Co, Inc. (SSD) Shares Sold by ProShare Advisors LLC

The Simpson Manufacturing Co, Inc. (SSD) Shares Sold by ProShare Advisors LLC

Other large investors also recently made changes to their positions in the company. Elkfork Partners LLC bought a new stake in shares of Simpson Manufacturing Co during the fourth quarter valued at about $107,000. State of Alaska Department of Revenue increased its stake in shares of Simpson Manufacturing Co by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 4,470 shares of the construction company’s stock valued at $192,000 after buying an additional 90 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Simpson Manufacturing Co by 9.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the construction company’s stock valued at $282,000 after buying an additional 563 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Simpson Manufacturing Co during the fourth quarter valued at about $284,000. Finally, Turner Investments LLC bought a new stake in shares of Simpson Manufacturing Co during the fourth quarter valued at about $328,000. Institutional investors and hedge funds own 83.32% of the company’s stock.

ProShare Advisors LLC reduced its stake in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 24.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,720 shares of the construction company’s stock after selling 1,848 shares during the period. ProShare Advisors LLC’s holdings in Simpson Manufacturing Co were worth $246,000 at the end of the most recent reporting period.

Shares of Simpson Manufacturing Co, Inc. (NYSE SSD) opened at 41.28 on Monday. The company has a 50-day moving average price of $41.41 and a 200-day moving average price of $43.42. Simpson Manufacturing Co, Inc. has a 12 month low of $37.06 and a 12 month high of $48.41. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 20.63 and a beta of 1.41.

Simpson Manufacturing Co (NYSE:SSD) last posted its earnings results on Thursday, April 27th. The construction company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.35 by $0.05. The firm had revenue of $219.87 million during the quarter, compared to the consensus estimate of $210.66 million. Simpson Manufacturing Co had a net margin of 10.43% and a return on equity of 10.33%. Simpson Manufacturing Co’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Equities analysts forecast that Simpson Manufacturing Co, Inc. will post $2.07 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be given a $0.21 dividend. The ex-dividend date is Monday, July 3rd. This is an increase from Simpson Manufacturing Co’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 2.03%. Simpson Manufacturing Co’s dividend payout ratio (DPR) is currently 38.71%.

Separately, Zacks Investment Research upgraded shares of Simpson Manufacturing Co from a “sell” rating to a “hold” rating in a research note on Saturday, April 1st. About Simpson Manufacturing Co

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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