Public Employees Retirement System of Ohio Raises Holdings in Simpson Manufacturing Company, Inc. $SSD

Public Employees Retirement System of Ohio grew its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,204 shares of the construction company’s stock after buying an additional 2,975 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Simpson Manufacturing worth $3,914,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SSD. Two Sigma Investments LP bought a new position in shares of Simpson Manufacturing in the 4th quarter worth $253,000. GAMMA Investing LLC raised its position in shares of Simpson Manufacturing by 41,328.2% in the 1st quarter. GAMMA Investing LLC now owns 183,941 shares of the construction company’s stock worth $28,893,000 after acquiring an additional 183,497 shares in the last quarter. Sendero Wealth Management LLC raised its position in shares of Simpson Manufacturing by 17.3% in the 1st quarter. Sendero Wealth Management LLC now owns 5,620 shares of the construction company’s stock worth $883,000 after acquiring an additional 828 shares in the last quarter. Vest Financial LLC bought a new position in shares of Simpson Manufacturing in the 1st quarter worth $2,239,000. Finally, Procyon Advisors LLC increased its position in Simpson Manufacturing by 26.8% during the 1st quarter. Procyon Advisors LLC now owns 2,525 shares of the construction company’s stock valued at $397,000 after buying an additional 534 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the sale, the executive vice president owned 7,810 shares in the company, valued at $1,531,775.30. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Gilstrap sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares in the company, valued at $1,389,436.38. The trade was a 24.29% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Up 0.1%

Shares of SSD stock opened at $167.76 on Wednesday. The stock’s 50-day simple moving average is $184.21 and its 200-day simple moving average is $165.95. 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 $6.98 billion, a PE ratio of 21.40 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82.

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

Simpson Manufacturing Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, DA Davidson upped their target price on Simpson Manufacturing from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Simpson Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $191.00.

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.