Moody Aldrich Partners LLC Boosts Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Moody Aldrich Partners LLC boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 27.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,839 shares of the construction company's stock after acquiring an additional 5,796 shares during the quarter. Moody Aldrich Partners LLC owned 0.06% of Simpson Manufacturing worth $5,133,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SSD. EntryPoint Capital LLC purchased a new stake in shares of Simpson Manufacturing in the 1st quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Simpson Manufacturing by 550.0% during 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. GAMMA Investing LLC increased its holdings in Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock valued at $73,000 after buying an additional 184 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Simpson Manufacturing during the second quarter worth $77,000. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Up 3.1 %

Shares of SSD stock traded up $5.48 during trading hours on Thursday, reaching $181.96. 277,183 shares of the company's stock were exchanged, compared to its average volume of 282,152. The stock has a market cap of $7.67 billion, a PE ratio of 24.04 and a beta of 1.32. The company has a current ratio of 3.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average price is $184.45 and its two-hundred day moving average price is $178.04. Simpson Manufacturing Co., Inc. has a 1 year low of $124.50 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the previous year, the company posted $2.43 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research note on Monday.

Insider Buying and Selling at Simpson Manufacturing

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 value of $514,188.00. Following the completion of the transaction, the executive vice president now directly owns 24,064 shares in the company, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the company's 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 directly owns 19,534 shares of the company's stock, valued at approximately $3,660,866.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction dated 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 owns 24,064 shares of the company's stock, valued at $4,582,748.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is currently owned by 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.