B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 10,775 Simpson Manufacturing Co., Inc. (NYSE:SSD)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,775 shares of the construction company's stock, valued at approximately $2,061,000.

Other large investors have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Simpson Manufacturing by 76.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company's stock worth $686,000 after acquiring an additional 1,447 shares during the last quarter. Hancock Whitney Corp bought a new position in Simpson Manufacturing in the 1st quarter valued at approximately $1,712,000. BOKF NA raised its holdings in Simpson Manufacturing by 77.1% in the 1st quarter. BOKF NA now owns 1,725 shares of the construction company's stock valued at $347,000 after buying an additional 751 shares during the last quarter. US Bancorp DE raised its holdings in Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock valued at $806,000 after buying an additional 352 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock valued at $1,134,000 after buying an additional 5,863 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the sale, the director now owns 866 shares of the company's stock, valued at approximately $154,797.50. This represents a 36.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the sale, the chief executive officer now directly owns 19,534 shares of the company's stock, valued at approximately $3,660,866.94. This trade represents a 26.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,871 shares of company stock valued at $1,658,259 over the last three months. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Trading Up 1.8 %

Shares of NYSE:SSD traded up $3.34 during mid-day trading on Friday, hitting $184.60. The company had a trading volume of 186,532 shares, compared to its average volume of 277,481. The company has a market capitalization of $7.78 billion, a PE ratio of 24.39 and a beta of 1.32. The firm has a fifty day moving average price of $186.37 and a 200 day moving average price of $178.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same quarter last year, the firm posted $2.43 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's dividend payout ratio (DPR) is currently 14.80%.

Wall Street Analyst Weigh In

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

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.