Conestoga Capital Advisors LLC lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,421,930 shares of the construction company's stock after acquiring an additional 24,253 shares during the period. Simpson Manufacturing makes up approximately 3.7% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 4th largest holding. Conestoga Capital Advisors LLC owned 3.37% of Simpson Manufacturing worth $271,972,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Simpson Manufacturing by 76.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company's stock worth $686,000 after buying an additional 1,447 shares during the last quarter. Hancock Whitney Corp acquired a new stake in Simpson Manufacturing during the 1st quarter worth about $1,712,000. Vanguard Group Inc. grew its stake in Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock valued at $920,662,000 after purchasing an additional 278,283 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Simpson Manufacturing by 13.0% in the first quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company's stock worth $9,527,000 after purchasing an additional 5,339 shares during the last quarter. Finally, BOKF NA lifted its holdings in shares of Simpson Manufacturing by 77.1% during the first quarter. BOKF NA now owns 1,725 shares of the construction company's stock worth $347,000 after purchasing an additional 751 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Simpson Manufacturing
In other news, Director James S. Andrasick sold 500 shares of the firm'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 transaction, the director now owns 866 shares in the company, valued at $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 available through this link. In other news, CEO Michael Olosky sold 6,871 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at $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 is available at this link. Also, 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 transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,871 shares of company stock valued at $1,833,839 over the last 90 days. Corporate insiders own 0.42% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird raised their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st.
View Our Latest Research Report on Simpson Manufacturing
Simpson Manufacturing Stock Performance
SSD traded down $1.04 during midday trading on Friday, hitting $178.75. 325,646 shares of the company were exchanged, compared to its average volume of 282,982. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 23.75 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1-year low of $138.43 and a 1-year high of $218.38. The company's 50 day simple moving average is $184.79 and its 200 day simple moving average is $177.85. 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 (NYSE:SSD - Get Free Report) last announced 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 return on equity of 18.29% and a net margin of 14.51%. The firm had revenue of $587.15 million for the quarter, compared to analysts' expectations of $589.00 million. During the same period last year, the company posted $2.43 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing's payout ratio is presently 14.80%.
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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