EP Wealth Advisors LLC Makes New Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

EP Wealth Advisors LLC bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDGet Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,906 shares of the construction company’s stock, valued at approximately $1,407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SSD. Capital International Investors grew its stake in Simpson Manufacturing by 9.5% during the 1st quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock worth $227,186,000 after buying an additional 180,856 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Simpson Manufacturing by 22.1% during the first quarter. Advisors Asset Management Inc. now owns 18,089 shares of the construction company’s stock worth $1,972,000 after acquiring an additional 3,276 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Simpson Manufacturing in the 1st quarter worth about $2,337,000. KB Financial Partners LLC lifted its position in Simpson Manufacturing by 20.0% in the 1st quarter. KB Financial Partners LLC now owns 4,852 shares of the construction company’s stock valued at $529,000 after purchasing an additional 809 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Simpson Manufacturing during the 1st quarter valued at about $84,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $82.71 on Friday. The firm’s 50-day simple moving average is $99.73 and its 200 day simple moving average is $104.40. The stock has a market cap of $3.57 billion, a P/E ratio of 10.81 and a beta of 1.17. The company has a quick ratio of 1.84, a current ratio of 3.33 and a debt-to-equity ratio of 0.52. Simpson Manufacturing Co., Inc. has a fifty-two week low of $82.69 and a fifty-two week high of $141.26.

Simpson Manufacturing (NYSE:SSDGet Rating) last released its quarterly earnings results on Monday, July 25th. The construction company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The company had revenue of $593.23 million for the quarter, compared to the consensus estimate of $579.84 million. Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. During the same period in the previous year, the firm earned $1.66 EPS. Simpson Manufacturing’s revenue was up 44.6% on a year-over-year basis. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.35 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 6th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 13.59%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, August 4th.

Insider Transactions at Simpson Manufacturing

In related news, CFO Brian J. Magstadt sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the transaction, the chief financial officer now owns 22,547 shares of the company’s stock, valued at $2,308,587.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the chief financial officer now directly owns 22,547 shares of the company’s stock, valued at $2,308,587.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now owns 31,212 shares in the company, valued at approximately $3,277,260. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,600 shares of company stock valued at $568,975. Corporate insiders own 0.60% of the company’s stock.

Simpson Manufacturing Profile

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Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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