Victory Capital Management Inc. Purchases 52,677 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Victory Capital Management Inc. boosted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 54.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,820 shares of the construction company's stock after purchasing an additional 52,677 shares during the period. Victory Capital Management Inc. owned 0.35% of Simpson Manufacturing worth $28,465,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Simpson Manufacturing by 6.6% during the first 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 period. D. E. Shaw & Co. Inc. purchased a new position in shares of Simpson Manufacturing during the 2nd quarter valued at $35,884,000. The Manufacturers Life Insurance Company increased its stake in shares of Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company's stock worth $37,838,000 after acquiring an additional 173,097 shares during the last quarter. Nia Impact Advisors LLC acquired a new stake in Simpson Manufacturing during the second quarter valued at $15,010,000. Finally, Millennium Management LLC grew its stake in Simpson Manufacturing by 57.8% in the second quarter. Millennium Management LLC now owns 201,685 shares of the construction company's stock valued at $33,990,000 after purchasing an additional 73,872 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,500 shares of the business'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 directly owns 8,438 shares in the company, valued at approximately $1,581,787.48. The trade was a 15.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James S. Andrasick sold 500 shares of the 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 completion of the transaction, the director now owns 866 shares of the company's stock, valued at approximately $154,797.50. This represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,871 shares of company stock valued at $1,658,259 in the last ninety days. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Down 0.8 %

SSD stock traded down $1.43 during trading hours on Monday, hitting $178.94. The company's stock had a trading volume of 91,437 shares, compared to its average volume of 279,798. The stock has a 50 day moving average price of $185.92 and a two-hundred day moving average price of $178.34. Simpson Manufacturing Co., Inc. has a 12 month low of $153.60 and a 12 month high of $218.38. The company has a market capitalization of $7.54 billion, a PE ratio of 23.64 and a beta of 1.32. 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 (NYSE:SSD - Get Free Report) last released 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 net margin of 14.51% and a return on equity of 18.29%. The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same quarter last year, the company earned $2.43 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced 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. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is currently 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.