Steph & Co. Takes Position in Simpson Manufacturing Company, Inc. $SSD

Steph & Co. acquired a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 341 shares of the construction company’s stock, valued at approximately $53,000.

A number of other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new stake in Simpson Manufacturing during the first quarter valued at about $45,000. CWM LLC raised its position in shares of Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after purchasing an additional 93 shares during the period. Blue Trust Inc. increased its position in Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock valued at $55,000 after acquiring an additional 321 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Simpson Manufacturing in the 1st quarter worth $72,000. Finally, UMB Bank n.a. boosted its position in shares of Simpson Manufacturing by 171.5% in the first quarter. UMB Bank n.a. now owns 562 shares of the construction company’s stock worth $88,000 after buying an additional 355 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the transaction, the executive vice president owned 7,794 shares of the company’s stock, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the transaction, the executive vice president directly owned 7,810 shares in the company, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Down 1.1%

Simpson Manufacturing stock opened at $170.97 on Friday. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37. The firm has a market capitalization of $7.12 billion, a PE ratio of 21.81 and a beta of 1.30. The business’s 50-day simple moving average is $183.92 and its 200-day simple moving average is $165.73.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.08. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The firm had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. During the same period in the previous year, the company posted $2.31 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Simpson Manufacturing’s payout ratio is presently 14.80%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their target price on Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $191.00.

Simpson Manufacturing 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.