Farther Finance Advisors LLC Has $41,000 Holdings in Simpson Manufacturing Company, Inc. $SSD

Farther Finance Advisors LLC lowered its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 65.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 262 shares of the construction company’s stock after selling 498 shares during the period. Farther Finance Advisors LLC’s holdings in Simpson Manufacturing were worth $41,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSD. Harbor Capital Advisors Inc. purchased a new position in shares of Simpson Manufacturing during the first quarter valued at approximately $45,000. CWM LLC raised its position in Simpson Manufacturing by 39.1% in the 1st quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after buying an additional 93 shares during the last quarter. Blue Trust Inc. lifted its stake in Simpson Manufacturing by 1,070.0% during 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 in the last quarter. Bayforest Capital Ltd bought a new position in Simpson Manufacturing during the 1st quarter valued at $72,000. Finally, UMB Bank n.a. boosted its holdings in Simpson Manufacturing by 171.5% during the 1st quarter. UMB Bank n.a. now owns 562 shares of the construction company’s stock worth $88,000 after acquiring an additional 355 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the firm’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 transaction, the executive vice president owned 7,794 shares in the company, valued at $1,389,436.38. This trade represents a 24.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Monday, August 25th. The shares were 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 of the company’s stock, valued at $1,531,775.30. The trade was a 11.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $169.84 on Tuesday. The firm’s 50 day moving average is $184.59 and its 200 day moving average is $166.32. The stock has a market capitalization of $7.07 billion, a P/E ratio of 21.66 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18.

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

Simpson Manufacturing Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SSD. DA Davidson raised their price target on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” 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.