Roubaix Capital LLC Takes $4.05 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Roubaix Capital LLC bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,179 shares of the construction company's stock, valued at approximately $4,051,000. Simpson Manufacturing accounts for approximately 2.2% of Roubaix Capital LLC's portfolio, making the stock its 21st largest holding. Roubaix Capital LLC owned about 0.05% of Simpson Manufacturing as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Simpson Manufacturing during the first quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the third quarter worth about $34,000. GAMMA Investing LLC grew 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 worth $73,000 after acquiring an additional 184 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Simpson Manufacturing during the second quarter worth about $77,000. Finally, Summit Securities Group LLC acquired a new stake in Simpson Manufacturing during the second quarter worth about $80,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a report on Monday, October 21st.

Simpson Manufacturing Price Performance

SSD traded down $1.30 during trading on Thursday, hitting $179.76. The company's stock had a trading volume of 246,636 shares, compared to its average volume of 282,780. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a twelve month low of $132.19 and a twelve month high of $218.38. The business's fifty day simple moving average is $184.79 and its 200 day simple moving average is $177.85. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 23.75 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's dividend payout ratio is presently 14.80%.

Insider Transactions at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing 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 sale, the director now directly owns 866 shares of the company's stock, valued at $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing 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 sale, the director now directly owns 866 shares of the company's stock, valued at $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,871 shares of company stock valued at $1,833,839 over the last ninety days. 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.