Sepio Capital LP Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sepio Capital LP bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,154 shares of the construction company's stock, valued at approximately $532,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 valued at $920,662,000 after buying an additional 278,283 shares during the last quarter. Epoch Investment Partners Inc. grew its stake 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. D. E. Shaw & Co. Inc. purchased a new position in shares of Simpson Manufacturing during the second quarter valued at approximately $35,884,000. The Manufacturers Life Insurance Company lifted its position in Simpson Manufacturing by 336.6% during the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company's stock valued at $37,838,000 after purchasing an additional 173,097 shares during the period. Finally, Nia Impact Advisors LLC purchased a new stake in Simpson Manufacturing in the second quarter worth approximately $15,010,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock traded up $1.58 on Friday, reaching $191.18. The stock had a trading volume of 141,965 shares, compared to its average volume of 287,990. The stock has a market cap of $8.06 billion, a P/E ratio of 23.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38. The company has a 50 day simple moving average of $181.09 and a 200 day simple moving average of $179.10.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted 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 return on equity of 19.42% and a net margin of 15.03%. The company had revenue of $596.98 million during the quarter, compared to analysts' expectations of $604.67 million. During the same quarter last year, the company earned $2.50 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. Equities research 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 is Thursday, October 3rd. Simpson Manufacturing's payout ratio is 14.04%.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 2,700 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 24,064 shares of the company's stock, valued at approximately $4,582,748.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 19,534 shares of the company's stock, valued at $3,660,866.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 2,700 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The disclosure for this sale can be found here. Insiders have sold 12,571 shares of company stock valued at $2,348,027 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

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.