Van ECK Associates Corp grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,882 shares of the construction company's stock after acquiring an additional 7,966 shares during the period. Van ECK Associates Corp owned about 0.07% of Simpson Manufacturing worth $4,921,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its stake 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 purchasing an additional 1,447 shares during the period. Hancock Whitney Corp bought a new stake in Simpson Manufacturing in the 1st quarter valued at $1,712,000. Vanguard Group Inc. boosted its holdings in shares of Simpson Manufacturing by 6.6% in 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 in the last quarter. BOKF NA grew its holdings in Simpson Manufacturing by 77.1% during the 1st quarter. BOKF NA now owns 1,725 shares of the construction company's stock worth $347,000 after acquiring an additional 751 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Simpson Manufacturing by 24.8% during the 1st 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 acquiring an additional 3,040 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
Simpson Manufacturing Stock Performance
Simpson Manufacturing stock traded up $2.14 during midday trading on Friday, hitting $189.25. 192,219 shares of the company were exchanged, compared to its average volume of 283,825. The business has a fifty day simple moving average of $184.80 and a two-hundred day simple moving average of $177.85. 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 firm has a market capitalization of $7.98 billion, a PE ratio of 25.00 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $140.62 and a fifty-two week high of $218.38.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results 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 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 analyst estimates of $589.00 million. During the same period last year, the firm earned $2.43 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. Simpson Manufacturing's payout ratio is currently 14.80%.
Insider Activity at Simpson Manufacturing
In related news, EVP Michael Andersen sold 1,500 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the transaction, the executive vice president now owns 8,438 shares of the company's stock, valued at approximately $1,581,787.48. 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 through this hyperlink. In other news, EVP Michael Andersen sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the sale, the executive vice president now owns 8,438 shares in the company, valued at $1,581,787.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James S. Andrasick sold 500 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was 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 of the company's stock, valued at $154,797.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,871 shares of company stock worth $1,658,259 over the last quarter. 0.42% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Separately, Robert W. Baird lifted their target price 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.
Read Our Latest Research Report on Simpson Manufacturing
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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