Principal Financial Group Inc. Sells 20,184 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Principal Financial Group Inc. reduced its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 11.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 155,641 shares of the construction company’s stock after selling 20,184 shares during the period. Principal Financial Group Inc.’s holdings in Simpson Manufacturing were worth $26,230,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing during the 1st quarter worth approximately $29,000. Rise Advisors LLC bought a new position in shares of Simpson Manufacturing during the 1st quarter worth approximately $37,000. GAMMA Investing LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after buying an additional 187 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Simpson Manufacturing by 50.2% in the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Activity

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was 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 of the company’s stock, valued at approximately $3,660,866.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was 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 of the company’s stock, valued at approximately $3,660,866.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roger Dankel sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Up 1.0 %

NYSE SSD opened at $183.06 on Monday. The company has a market cap of $7.72 billion, a PE ratio of 22.94 and a beta of 1.32. 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 12 month low of $123.93 and a 12 month high of $218.38. The stock has a 50 day moving average of $177.32 and a 200-day moving average of $182.13.

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

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is presently 14.04%.

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.