Scientech Research LLC Acquires New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Scientech Research LLC bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,780 shares of the construction company’s stock, valued at approximately $806,000.

Several other large investors have also modified their holdings of the business. Commonwealth Equity Services LLC raised its position in shares of Simpson Manufacturing by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after acquiring an additional 72 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Simpson Manufacturing by 1.8% during the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock valued at $1,031,000 after buying an additional 90 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Simpson Manufacturing by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock valued at $451,000 after buying an additional 91 shares in the last quarter. CWM LLC grew its position in shares of Simpson Manufacturing by 50.2% in the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after buying an additional 108 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Simpson Manufacturing by 3.0% during the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing 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 sale, the director now directly owns 866 shares in the company, valued at $154,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the transaction, the chief executive officer now owns 19,534 shares in the company, valued at approximately $3,660,866.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction that occurred 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 sale, the director now owns 866 shares of the company’s stock, valued at $154,797.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,571 shares of company stock valued at $2,348,027. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD opened at $191.18 on Friday. The company has a 50 day moving average of $181.09 and a two-hundred day moving average of $179.26. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 23.96 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a twelve month low of $123.93 and a twelve month high of $218.38.

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

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 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.