International Assets Investment Management LLC Purchases 5,863 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

International Assets Investment Management LLC lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 8,883.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,929 shares of the construction company's stock after purchasing an additional 5,863 shares during the period. International Assets Investment Management LLC's holdings in Simpson Manufacturing were worth $1,134,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 worth $920,662,000 after purchasing an additional 278,283 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Simpson Manufacturing by 1.4% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company's stock valued at $235,551,000 after acquiring an additional 19,312 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Simpson Manufacturing by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock worth $159,343,000 after acquiring an additional 39,803 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock worth $101,928,000 after purchasing an additional 8,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Simpson Manufacturing by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company's stock valued at $77,623,000 after buying an additional 4,195 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the business's stock in a transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,871 shares of company stock worth $1,833,839 over the last quarter. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Up 0.7 %

NYSE SSD traded up $1.24 during trading on Tuesday, reaching $180.79. 292,887 shares of the company's stock were exchanged, compared to its average volume of 282,959. The firm has a market capitalization of $7.62 billion, a PE ratio of 23.97 and a beta of 1.32. 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 fifty-two week low of $140.62 and a fifty-two week high of $218.38. The company's fifty day simple moving average is $184.51 and its 200-day simple moving average is $177.73.

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

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors 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 dividend yield of 0.62%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing's payout ratio is 14.80%.

Simpson Manufacturing 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.