Advantage Alpha Capital Partners LP Sells 5,811 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Advantage Alpha Capital Partners LP reduced its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 19.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,558 shares of the construction company’s stock after selling 5,811 shares during the period. Advantage Alpha Capital Partners LP owned about 0.06% of Simpson Manufacturing worth $4,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing in the first quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter valued at $34,000. Prospera Private Wealth LLC bought a new position in Simpson Manufacturing in the 3rd quarter valued at $37,000. Huntington National Bank boosted its stake in Simpson Manufacturing by 73.2% in the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

SSD opened at $197.04 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The stock has a market capitalization of $8.31 billion, a P/E ratio of 26.03 and a beta of 1.32. The company’s 50 day simple moving average is $186.65 and its 200-day simple moving average is $178.50. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 earnings per share. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. Simpson Manufacturing’s payout ratio is 14.80%.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Insiders Place Their Bets

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 36.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

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.