Farther Finance Advisors LLC Boosts Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Farther Finance Advisors LLC increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 697.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,464 shares of the construction company’s stock after buying an additional 2,155 shares during the period. Farther Finance Advisors LLC’s holdings in Simpson Manufacturing were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake 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 worth $920,662,000 after buying an additional 278,283 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in Simpson Manufacturing by 1.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock valued at $235,551,000 after purchasing an additional 19,312 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in Simpson Manufacturing by 3.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company’s stock valued at $179,918,000 after purchasing an additional 27,490 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Simpson Manufacturing by 1.1% during the 1st quarter. Burgundy Asset Management Ltd. now owns 596,271 shares of the construction company’s stock valued at $122,343,000 after purchasing an additional 6,777 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Simpson Manufacturing by 517.1% during the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after purchasing an additional 465,193 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity

In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. The disclosure for this sale can be found here. Insiders have sold 12,571 shares of company stock valued at $2,348,027 in the last ninety days. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $173.67 on Thursday. The business’s fifty day simple moving average is $177.70 and its two-hundred day simple moving average is $181.84. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 12 month low of $123.93 and a 12 month high of $218.38. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 21.76 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). The business had revenue of $596.98 million for the quarter, compared to analysts’ expectations of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 earnings per share. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.64%. Simpson Manufacturing’s payout ratio is 14.04%.

About Simpson Manufacturing

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.