Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 27.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,839 shares of the construction company’s stock after buying an additional 5,796 shares during the quarter. Moody Aldrich Partners LLC owned about 0.06% of Simpson Manufacturing worth $5,133,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSD. Vanguard Group Inc. lifted its holdings in shares of Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter valued at $35,884,000. The Manufacturers Life Insurance Company raised its position in Simpson Manufacturing by 336.6% during the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after buying an additional 173,097 shares during the period. Nia Impact Advisors LLC acquired a new position in Simpson Manufacturing during the second quarter valued at $15,010,000. Finally, Millennium Management LLC raised its position in Simpson Manufacturing by 57.8% during the second quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock valued at $33,990,000 after buying an additional 73,872 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 0.9 %

NYSE:SSD traded up $1.51 during trading hours on Thursday, hitting $177.99. 15,327 shares of the company’s stock traded hands, compared to its average volume of 280,881. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.21 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a twelve month low of $124.50 and a twelve month high of $218.38. The stock’s fifty day moving average price is $184.33 and its two-hundred day moving average price is $178.02. The firm has a market cap of $7.50 billion, a P/E ratio of 23.31 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.43 earnings per share. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the sale, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the sale, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday.

Simpson Manufacturing Company 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.