Susquehanna Fundamental Investments LLC Acquires Shares of 6,323 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,323 shares of the construction company's stock, valued at approximately $1,066,000.

A number of other large investors have also modified their holdings of SSD. Vanguard Group Inc. raised its position in Simpson Manufacturing by 6.6% in the first 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 in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Simpson Manufacturing by 1.4% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company's stock worth $235,551,000 after buying an additional 19,312 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Simpson Manufacturing by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock worth $159,343,000 after buying an additional 39,803 shares during the period. Fiduciary Management Inc. WI lifted its position in shares of Simpson Manufacturing by 3.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company's stock worth $179,918,000 after buying an additional 27,490 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its stake in Simpson Manufacturing by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock valued at $101,928,000 after buying an additional 8,535 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded down $0.87 during mid-day trading on Thursday, hitting $190.75. 200,466 shares of the company were exchanged, compared to its average volume of 286,128. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $181.81 and a 200 day moving average of $179.11. The company has a market capitalization of $8.04 billion, a PE ratio of 23.76 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $596.98 million for the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $2.50 earnings per share. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

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

Insider Activity at Simpson Manufacturing

In other news, EVP Roger Dankel sold 2,700 shares of the 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 sale, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael Andersen sold 1,500 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the sale, the executive vice president now owns 8,438 shares in the company, valued at $1,581,787.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Roger Dankel sold 2,700 shares of the company's stock in a transaction 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 sold 12,571 shares of company stock valued at $2,348,027 in the last three months. Corporate insiders own 0.42% of the company's stock.

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.