Handelsbanken Fonder AB Has $2.46 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Handelsbanken Fonder AB grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,837 shares of the construction company's stock after purchasing an additional 3,500 shares during the period. Handelsbanken Fonder AB's holdings in Simpson Manufacturing were worth $2,455,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 278,283 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in Simpson Manufacturing by 1.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company's stock worth $235,551,000 after purchasing an additional 19,312 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Simpson Manufacturing by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock valued at $159,343,000 after purchasing an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Simpson Manufacturing by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock valued at $101,928,000 after purchasing an additional 8,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Simpson Manufacturing by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company's stock worth $77,623,000 after acquiring an additional 4,195 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded down $4.07 during trading hours on Thursday, hitting $188.72. The stock had a trading volume of 105,975 shares, compared to its average volume of 282,959. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 23.65 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 stock's fifty day simple moving average is $182.08 and its 200 day simple moving average is $178.90.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.13). The business had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. Simpson Manufacturing's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 earnings per share. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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 annualized dividend 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 currently 14.04%.

Insider Activity

In other news, EVP Roger Dankel sold 2,700 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 24,064 shares of the company's stock, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 value of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Olosky sold 6,871 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 19,534 shares in the company, valued at approximately $3,660,866.94. This trade represents a 0.00 % decrease in their position. 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. 0.42% of the stock is 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.