Thrivent Financial for Lutherans Boosts Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Thrivent Financial for Lutherans increased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 243,494 shares of the construction company's stock after purchasing an additional 3,136 shares during the period. Thrivent Financial for Lutherans owned approximately 0.58% of Simpson Manufacturing worth $46,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SSD. Russell Investments Group Ltd. raised its position in shares of Simpson Manufacturing by 117.0% in the 1st quarter. Russell Investments Group Ltd. now owns 14,901 shares of the construction company's stock worth $3,057,000 after acquiring an additional 8,035 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Simpson Manufacturing by 24.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,301 shares of the construction company's stock valued at $3,139,000 after purchasing an additional 3,040 shares during the period. Vanguard Group Inc. lifted its position in Simpson Manufacturing by 6.6% during the first 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 period. Edgestream Partners L.P. bought a new position in Simpson Manufacturing during the first quarter valued at approximately $794,000. Finally, O Shaughnessy Asset Management LLC lifted its position in Simpson Manufacturing by 8.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,364 shares of the construction company's stock valued at $895,000 after purchasing an additional 355 shares during the period. Institutional investors own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director James S. Andrasick sold 500 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the sale, the director now directly owns 866 shares in the company, valued at $154,797.50. This trade represents a 36.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The trade was a 26.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,871 shares of company stock worth $1,658,259. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

SSD traded down $0.56 during trading on Tuesday, hitting $178.38. The company's stock had a trading volume of 55,109 shares, compared to its average volume of 278,794. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a one year low of $153.60 and a one year high of $218.38. The firm has a market cap of $7.52 billion, a PE ratio of 23.64 and a beta of 1.32. The business's 50 day simple moving average is $185.92 and its 200-day simple moving average is $178.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results 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 business had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the previous year, the business posted $2.43 earnings per share. The firm's 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 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm 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 $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.63%. Simpson Manufacturing's payout ratio is presently 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.