Sanctuary Advisors LLC Acquires Shares of 10,842 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sanctuary Advisors LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,842 shares of the construction company's stock, valued at approximately $1,882,000.

Several other hedge funds have also added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new stake in shares of Simpson Manufacturing during the first quarter valued at about $29,000. Rise Advisors LLC purchased a new stake in Simpson Manufacturing during the 1st quarter valued at $37,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Simpson Manufacturing by 550.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company's stock worth $45,000 after purchasing an additional 187 shares during the last quarter. CWM LLC increased its stake in shares of Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company's stock valued at $66,000 after buying an additional 108 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Simpson Manufacturing in the 2nd quarter worth $77,000. Institutional investors own 93.68% of the company's stock.

Insiders Place Their Bets

In other Simpson Manufacturing news, 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 transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated 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 transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,571 shares of company stock worth $2,348,027 in the last three months. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Stock Down 0.4 %

Shares of NYSE:SSD traded down $0.82 during midday trading on Wednesday, reaching $192.83. The company's stock had a trading volume of 189,094 shares, compared to its average volume of 283,867. 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 firm has a 50 day moving average of $182.00 and a 200-day moving average of $178.83. Simpson Manufacturing Co., Inc. has a 12-month low of $123.93 and a 12-month high of $218.38. The firm has a market capitalization of $8.13 billion, a P/E ratio of 24.16 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.13). The company had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. On average, research analysts anticipate 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. Shareholders of record on Thursday, October 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.58%. Simpson Manufacturing's payout ratio is 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.