Intech Investment Management LLC Invests $1.73 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Intech Investment Management LLC purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,240 shares of the construction company's stock, valued at approximately $1,726,000.

Several other hedge funds also recently added to or reduced their stakes in SSD. TD Asset Management Inc boosted its position in Simpson Manufacturing by 517.1% during the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company's stock valued at $109,911,000 after purchasing an additional 465,193 shares in the last quarter. Vanguard Group Inc. grew its position in Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock worth $920,662,000 after purchasing an additional 278,283 shares during the period. Epoch Investment Partners Inc. raised its position in Simpson Manufacturing by 250.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company's stock valued at $64,433,000 after acquiring an additional 232,600 shares in the last quarter. Nia Impact Advisors LLC acquired a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $15,010,000. Finally, Maren Capital LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter worth about $15,493,000. 93.68% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Roger Dankel sold 2,700 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $4,582,748.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Roger Dankel sold 2,700 shares of the business's 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 completion of the transaction, the executive vice president now owns 24,064 shares of the company's stock, valued at approximately $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 in the last 90 days. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock traded down $0.76 on Tuesday, reaching $191.33. The company's stock had a trading volume of 409,094 shares, compared to its average volume of 289,413. The stock has a 50-day moving average price of $180.63 and a 200-day moving average price of $179.52. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a market capitalization of $8.07 billion, a P/E ratio of 24.22 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) 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 business had revenue of $596.98 million for the quarter, compared to analysts' expectations of $604.67 million. During the same period in the prior year, the company posted $2.50 EPS. The firm's revenue was down .1% on a year-over-year basis. Analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.04%.

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.