New York State Teachers Retirement System Has $10.48 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

New York State Teachers Retirement System lowered its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,780 shares of the construction company’s stock after selling 700 shares during the quarter. New York State Teachers Retirement System’s holdings in Simpson Manufacturing were worth $10,478,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in Simpson Manufacturing by 4.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the construction company’s stock valued at $580,000 after acquiring an additional 133 shares in the last quarter. Norden Group LLC acquired a new stake in Simpson Manufacturing in the 1st quarter valued at about $208,000. Private Advisor Group LLC increased its position in Simpson Manufacturing by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock valued at $451,000 after acquiring an additional 91 shares in the last quarter. BNP Paribas Financial Markets increased its position in Simpson Manufacturing by 13.0% in the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company’s stock valued at $9,527,000 after acquiring an additional 5,339 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Simpson Manufacturing in the 1st quarter valued at about $230,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Down 0.6 %

Shares of NYSE SSD opened at $178.79 on Monday. The firm has a market capitalization of $7.54 billion, a PE ratio of 23.62 and a beta of 1.32. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a 1 year low of $138.43 and a 1 year high of $218.38. The firm’s 50-day moving average is $184.64 and its 200-day moving average is $177.76.

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

Simpson Manufacturing Announces Dividend

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 paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the sale, the executive vice president now directly owns 8,438 shares in the company, valued at $1,581,787.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,871 shares of company stock valued at $1,833,839 in the last 90 days. 0.42% of the stock is owned by insiders.

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.