TD Asset Management Inc Has $52.69 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

TD Asset Management Inc lessened its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 32.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,619 shares of the construction company’s stock after selling 147,850 shares during the period. TD Asset Management Inc’s holdings in Simpson Manufacturing were worth $52,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Simpson Manufacturing in the 1st quarter worth about $29,000. Rise Advisors LLC bought a new stake in shares of Simpson Manufacturing during the 1st quarter valued at about $37,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Simpson Manufacturing by 550.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after purchasing an additional 187 shares in the last quarter. CWM LLC boosted its position in shares of Simpson Manufacturing by 50.2% during the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after purchasing an additional 108 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at about $77,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 0.4 %

Shares of Simpson Manufacturing stock opened at $170.99 on Friday. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The stock’s 50-day moving average is $177.75 and its 200 day moving average is $181.61. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 21.43 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results 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 business had revenue of $596.98 million for the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.50 EPS. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.66%. Simpson Manufacturing’s payout ratio is currently 14.04%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred 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 $4,582,748.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,571 shares of company stock worth $2,348,027. Corporate insiders own 0.42% of the company’s stock.

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.