Van ECK Associates Corp Boosts Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Van ECK Associates Corp lifted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 36.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,605 shares of the construction company’s stock after purchasing an additional 4,441 shares during the period. Van ECK Associates Corp’s holdings in Simpson Manufacturing were worth $3,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SSD. Contravisory Investment Management Inc. purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $29,000. GAMMA Investing LLC purchased a new position in Simpson Manufacturing during the 4th quarter valued at about $35,000. Headlands Technologies LLC purchased a new position in Simpson Manufacturing during the 4th quarter valued at about $37,000. Rise Advisors LLC purchased a new position in Simpson Manufacturing during the 1st quarter valued at about $37,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Simpson Manufacturing by 550.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after acquiring an additional 187 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Down 1.1 %

Shares of Simpson Manufacturing stock opened at $162.45 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. The stock has a market capitalization of $6.85 billion, a PE ratio of 20.36 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a 50-day simple moving average of $169.86 and a two-hundred day simple moving average of $184.51.

Simpson Manufacturing (NYSE:SSDGet Free Report) last issued its earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. During the same period last year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. Simpson Manufacturing’s payout ratio is currently 14.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SSD shares. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th.

Get Our Latest Analysis on Simpson Manufacturing

Insider Transactions at Simpson Manufacturing

In other news, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the sale, the executive vice president now directly owns 26,764 shares in the company, valued at $4,687,179.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the sale, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Company Profile

(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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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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