Sei Investments Co. Buys 7,468 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sei Investments Co. raised its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,218 shares of the construction company's stock after purchasing an additional 7,468 shares during the period. Sei Investments Co. owned 0.21% of Simpson Manufacturing worth $14,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SSD. TD Asset Management Inc lifted its stake in shares of Simpson Manufacturing by 517.1% during the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company's stock valued at $109,911,000 after buying an additional 465,193 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock worth $920,662,000 after acquiring an additional 278,283 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Simpson Manufacturing by 250.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company's stock worth $64,433,000 after acquiring an additional 232,600 shares during the period. Nia Impact Advisors LLC purchased a new position in shares of Simpson Manufacturing in the second quarter valued at $15,010,000. Finally, Maren Capital LLC bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $15,493,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James S. Andrasick sold 500 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now owns 866 shares of the company's stock, valued at approximately $154,797.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Roger Dankel sold 2,700 shares of the firm's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,571 shares of company stock worth $2,348,027. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

NYSE SSD traded up $1.58 during trading hours on Friday, hitting $191.18. The company had a trading volume of 141,965 shares, compared to its average volume of 287,990. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 23.89 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The firm has a 50 day simple moving average of $180.89 and a 200 day simple moving average of $179.52.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 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 firm 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 firm posted $2.50 EPS. Simpson Manufacturing's revenue was down .1% on a year-over-year basis. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. Simpson Manufacturing's payout ratio is currently 14.04%.

Simpson Manufacturing Company 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.