Allspring Global Investments Holdings LLC lifted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,917 shares of the construction company's stock after purchasing an additional 3,761 shares during the period. Allspring Global Investments Holdings LLC owned about 0.59% of Simpson Manufacturing worth $47,610,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Simpson Manufacturing in the first quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Simpson Manufacturing during the 3rd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. grew its position 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 valued at $45,000 after purchasing an additional 187 shares in the last quarter. CWM LLC grew its position in shares of Simpson Manufacturing by 50.2% in the first quarter. CWM LLC now owns 323 shares of the construction company's stock valued at $66,000 after purchasing an additional 108 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock valued at $73,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.
Insiders Place Their Bets
In other news, EVP Jennifer Lutz sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company's stock, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Olosky sold 6,871 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock valued at $2,348,027 over the last 90 days. 0.42% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, Robert W. Baird upped their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a report on Monday.
Check Out Our Latest Report on Simpson Manufacturing
Simpson Manufacturing Trading Up 0.3 %
NYSE:SSD traded up $0.50 on Wednesday, hitting $176.48. The stock had a trading volume of 232,174 shares, compared to its average volume of 282,148. The company has a fifty day moving average price of $184.29 and a two-hundred day moving average price of $178.03. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 22.05 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business had revenue of $587.15 million during the quarter, compared to analysts' expectations of $589.00 million. During the same quarter in the previous year, the company posted $2.43 earnings per share. The company's revenue was up 1.2% 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 fiscal year.
Simpson Manufacturing Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. Simpson Manufacturing's payout ratio is currently 14.04%.
About Simpson Manufacturing
(
Free Report)
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.
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