196 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Bought by Prospera Private Wealth LLC

Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 196 shares of the construction company’s stock, valued at approximately $37,000.

Several other institutional investors have also modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in Simpson Manufacturing in the 1st quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter worth approximately $34,000. Huntington National Bank boosted its stake in shares of Simpson Manufacturing by 73.2% in the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after acquiring an additional 142 shares during the last quarter. GAMMA Investing LLC raised its stake in Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after purchasing an additional 184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Simpson Manufacturing in the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In related news, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. The trade was a 26.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,871 shares of company stock worth $1,658,259 in the last 90 days. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

SSD stock opened at $184.60 on Friday. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The firm has a market capitalization of $7.78 billion, a PE ratio of 24.39 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The business has a 50 day simple moving average of $186.37 and a 200-day simple moving average of $178.36.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company 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 firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $2.43 earnings per share. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company 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 $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

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.