WCM Investment Management LLC Invests $13.40 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

WCM Investment Management LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 70,065 shares of the construction company's stock, valued at approximately $13,395,000. WCM Investment Management LLC owned 0.17% of Simpson Manufacturing as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SSD. EntryPoint Capital LLC bought a new position in Simpson Manufacturing in the 1st quarter worth $29,000. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the third quarter worth about $34,000. GAMMA Investing LLC boosted its position in Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock valued at $73,000 after acquiring an additional 184 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Simpson Manufacturing in the second quarter worth $77,000. Finally, Summit Securities Group LLC bought a new position in Simpson Manufacturing in the second quarter worth $80,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their target price on shares of 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 related news, EVP Michael Andersen sold 1,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the completion of the sale, the executive vice president now directly owns 8,438 shares in the company, valued at $1,581,787.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction on Monday, August 26th. The stock was 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 owns 19,534 shares of the company's stock, valued at approximately $3,660,866.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Andersen sold 1,500 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares of the company's stock, valued at $1,581,787.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,871 shares of company stock valued at $1,658,259. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Performance

NYSE SSD traded down $6.15 on Tuesday, reaching $184.12. 156,456 shares of the stock were exchanged, compared to its average volume of 282,606. The firm has a market capitalization of $7.76 billion, a PE ratio of 25.13 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a one year low of $144.32 and a one year high of $218.38. The company's 50-day simple moving average is $184.94 and its two-hundred day simple moving average is $178.11. 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 (NYSE:SSD - Get Free Report) last issued its 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 firm had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same period in the prior year, the company posted $2.43 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors 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 dividend on an annualized basis and a dividend yield of 0.61%. Simpson Manufacturing's dividend payout ratio is currently 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.