Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,851 shares of the construction company’s stock after selling 335 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Simpson Manufacturing were worth $821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SSD. Quantamental Technologies LLC acquired a new stake in Simpson Manufacturing in the fourth quarter worth approximately $49,000. Value Holdings Management CO. LLC bought a new position in shares of Simpson Manufacturing in the fourth quarter valued at $54,000. Huntington National Bank increased its holdings in shares of Simpson Manufacturing by 50.2% in the fourth quarter. Huntington National Bank now owns 1,113 shares of the construction company’s stock valued at $60,000 after buying an additional 372 shares in the last quarter. ETF Managers Group LLC increased its holdings in shares of Simpson Manufacturing by 17.9% in the fourth quarter. ETF Managers Group LLC now owns 2,303 shares of the construction company’s stock valued at $125,000 after buying an additional 350 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Simpson Manufacturing by 11.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,056 shares of the construction company’s stock valued at $165,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.

NYSE SSD opened at $62.17 on Friday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 4.09 and a beta of 1.54. Simpson Manufacturing Co, Inc. has a 1 year low of $49.54 and a 1 year high of $78.36.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, April 29th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). The company had revenue of $259.20 million during the quarter, compared to the consensus estimate of $255.80 million. Simpson Manufacturing had a net margin of 11.59% and a return on equity of 15.05%. Simpson Manufacturing’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. On average, equities research analysts forecast that Simpson Manufacturing Co, Inc. will post 3.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.92 annualized dividend and a dividend yield of 1.48%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.22. Simpson Manufacturing’s dividend payout ratio is currently 30.45%.

In other Simpson Manufacturing news, insider Roger Dankel sold 2,200 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $59.75, for a total value of $131,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the company. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday. Sidoti set a $72.00 price target on Simpson Manufacturing and gave the company a “buy” rating in a report on Tuesday, February 5th.

TRADEMARK VIOLATION NOTICE: This story was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://theolympiareport.com/2019/05/24/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-has-821000-stake-in-simpson-manufacturing-co-inc-ssd.html.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.

Read More: What is a Lock-Up Period?

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Co, Inc. (NYSE:SSD).

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.