Amalgamated Bank Has $4.09 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Amalgamated Bank grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,251 shares of the construction company’s stock after purchasing an additional 1,870 shares during the period. Amalgamated Bank owned about 0.06% of Simpson Manufacturing worth $4,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Simpson Manufacturing in the first quarter valued at approximately $29,000. Rise Advisors LLC bought a new position in shares of Simpson Manufacturing in the first quarter valued at $37,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Simpson Manufacturing by 550.0% in the first 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 in the last quarter. CWM LLC grew its stake in shares of Simpson Manufacturing by 50.2% in the first quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Simpson Manufacturing in the second quarter valued at $77,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the transaction, 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. Insiders sold a total of 12,571 shares of company stock valued at $2,348,027 over the last ninety days. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $189.26 on Monday. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $180.44 and a 200 day simple moving average of $179.68. The stock has a market capitalization of $7.98 billion, a PE ratio of 23.72 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The firm had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. During the same period in the prior year, the business posted $2.50 earnings per share. Simpson Manufacturing’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts expect 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. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is 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.