Callan Family Office LLC Increases Stock Position in Simpson Manufacturing Company, Inc. $SSD

Callan Family Office LLC boosted its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1,060.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,598 shares of the construction company’s stock after acquiring an additional 46,236 shares during the period. Callan Family Office LLC owned 0.12% of Simpson Manufacturing worth $7,858,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC raised its holdings in Simpson Manufacturing by 2.5% in the first quarter. Kestra Private Wealth Services LLC now owns 2,965 shares of the construction company’s stock valued at $466,000 after acquiring an additional 71 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Simpson Manufacturing by 1.4% in the first quarter. Apollon Wealth Management LLC now owns 5,404 shares of the construction company’s stock valued at $849,000 after acquiring an additional 74 shares in the last quarter. Xponance Inc. raised its holdings in Simpson Manufacturing by 1.5% in the first quarter. Xponance Inc. now owns 5,262 shares of the construction company’s stock valued at $827,000 after acquiring an additional 78 shares in the last quarter. CWM LLC raised its holdings in Simpson Manufacturing by 39.1% in the first quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after acquiring an additional 93 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in Simpson Manufacturing by 1.0% in the first quarter. State of Michigan Retirement System now owns 10,127 shares of the construction company’s stock valued at $1,591,000 after acquiring an additional 100 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jeremy Gilstrap sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $178.27, for a total transaction of $445,675.00. Following the completion of the transaction, the executive vice president owned 7,794 shares in the company, valued at approximately $1,389,436.38. This trade represents a 24.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total transaction of $196,130.00. Following the transaction, the executive vice president owned 7,810 shares of the company’s stock, valued at approximately $1,531,775.30. This trade represents a 11.35% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $169.30 on Friday. The firm has a 50-day moving average price of $183.89 and a 200 day moving average price of $166.46. The firm has a market capitalization of $7.05 billion, a PE ratio of 21.59 and a beta of 1.28. The company has a quick ratio of 1.80, a current ratio of 3.37 and a debt-to-equity ratio of 0.18. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last announced 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 firm had revenue of $631.06 million during the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. Simpson Manufacturing’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior 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 fiscal year.

Simpson Manufacturing Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday. DA Davidson increased their target price on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.