Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 26.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,850 shares of the construction company's stock after acquiring an additional 14,650 shares during the period. Ceredex Value Advisors LLC owned about 0.17% of Simpson Manufacturing worth $13,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Simpson Manufacturing by 4.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the construction company's stock worth $580,000 after acquiring an additional 133 shares during the period. Norden Group LLC purchased a new stake in Simpson Manufacturing during the 1st quarter worth $208,000. Van ECK Associates Corp lifted its holdings in Simpson Manufacturing by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 16,605 shares of the construction company's stock worth $3,407,000 after buying an additional 4,441 shares in the last quarter. Private Advisor Group LLC boosted its position in Simpson Manufacturing by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company's stock valued at $451,000 after buying an additional 91 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Simpson Manufacturing by 13.0% in the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company's stock valued at $9,527,000 after buying an additional 5,339 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing 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 completion of the transaction, the chief executive officer now owns 19,534 shares of the company's stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Simpson Manufacturing news, 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 completion of the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. 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, Director James S. Andrasick sold 500 shares of the 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 owns 866 shares in the company, valued at $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,871 shares of company stock valued at $1,833,839. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Down 0.6 %

Shares of SSD stock traded down $1.00 during mid-day trading on Friday, reaching $178.79. 325,646 shares of the company were exchanged, compared to its average volume of 250,873. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The business's 50 day simple moving average is $184.64 and its 200 day simple moving average is $177.76. The company has a market capitalization of $7.54 billion, a P/E ratio of 23.62 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $138.43 and a fifty-two week high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced 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 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same period in the prior year, the business earned $2.43 earnings per share. Simpson Manufacturing's revenue was up 1.2% on a year-over-year basis. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

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 issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

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.