Amalgamated Bank Has $3.34 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Amalgamated Bank decreased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,152 shares of the construction company’s stock after selling 784 shares during the quarter. Amalgamated Bank’s holdings in Simpson Manufacturing were worth $3,342,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SSD. Champlain Investment Partners LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter valued at approximately $16,060,000. Diversified Trust Co bought a new position in Simpson Manufacturing during the 4th quarter worth $591,000. US Bancorp DE raised its holdings in Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after acquiring an additional 352 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after acquiring an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $164.14 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.92 billion, a PE ratio of 21.60 and a beta of 1.35. The company has a 50 day moving average of $167.03 and a 200-day moving average of $177.81. Simpson Manufacturing Co., Inc. has a 1-year low of $155.73 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Simpson Manufacturing 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.