Ipswich Investment Management Co. Inc. Invests $2.05 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ipswich Investment Management Co. Inc. bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,733 shares of the construction company's stock, valued at approximately $2,053,000.

Several other hedge funds also recently modified their holdings of SSD. SkyView Investment Advisors LLC boosted its position in Simpson Manufacturing by 0.7% in the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company's stock worth $1,544,000 after purchasing an additional 67 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Simpson Manufacturing by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company's stock valued at $697,000 after purchasing an additional 72 shares during the period. Inspire Investing LLC raised its stake in shares of Simpson Manufacturing by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company's stock valued at $466,000 after purchasing an additional 94 shares during the period. DekaBank Deutsche Girozentrale grew its position in Simpson Manufacturing by 0.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company's stock worth $7,473,000 after buying an additional 100 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Simpson Manufacturing by 3.0% during the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company's stock worth $769,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the sale, the executive vice president now directly owns 8,438 shares of the company's stock, valued at $1,581,787.48. The trade was a 15.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James S. Andrasick sold 500 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now owns 866 shares in the company, valued at $154,797.50. The trade was a 36.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,871 shares of company stock valued at $1,658,259 in the last 90 days. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

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

Simpson Manufacturing Trading Down 1.2 %

SSD stock traded down $2.20 during trading on Friday, hitting $180.37. 121,256 shares of the company traded hands, compared to its average volume of 280,646. The firm has a market capitalization of $7.60 billion, a PE ratio of 23.83 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1 year low of $152.93 and a 1 year high of $218.38. The company has a 50-day moving average of $185.76 and a 200-day moving average of $178.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). The company had revenue of $587.15 million for the quarter, compared to analysts' expectations of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.43 earnings per share. Analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is 14.80%.

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.