Van ECK Associates Corp raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,441 shares of the construction company’s stock after acquiring an additional 130 shares during the period. Van ECK Associates Corp’s holdings in Simpson Manufacturing were worth $113,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Simpson Manufacturing by 174.3% in the 2nd quarter. Parallel Advisors LLC now owns 277 shares of the construction company’s stock valued at $28,000 after acquiring an additional 176 shares in the last quarter. Quantbot Technologies LP acquired a new position in Simpson Manufacturing in the 1st quarter valued at approximately $30,000. Allworth Financial LP raised its holdings in shares of Simpson Manufacturing by 62.5% in the 2nd quarter. Allworth Financial LP now owns 325 shares of the construction company’s stock worth $33,000 after buying an additional 125 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Simpson Manufacturing by 45.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 354 shares of the construction company’s stock worth $35,000 after buying an additional 110 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 91.47% of the company’s stock.
Insider Buying and Selling
In related news, CFO Brian J. Magstadt sold 2,500 shares of the firm’s stock in a transaction on Friday, January 13th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the sale, the chief financial officer now owns 17,547 shares of the company’s stock, valued at approximately $1,754,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Simpson Manufacturing Stock Down 0.9 %
NYSE:SSD opened at $95.83 on Friday. Simpson Manufacturing Co., Inc. has a 12-month low of $75.25 and a 12-month high of $124.48. The company has a quick ratio of 2.00, a current ratio of 3.56 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.08 billion, a P/E ratio of 11.96 and a beta of 1.17. The stock’s fifty day simple moving average is $93.00 and its 200-day simple moving average is $92.42.
Simpson Manufacturing (NYSE:SSD – Get Rating) last posted its quarterly earnings results on Monday, October 24th. The construction company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.40. Simpson Manufacturing had a return on equity of 27.49% and a net margin of 16.81%. The business had revenue of $553.66 million for the quarter, compared to analyst estimates of $529.94 million. During the same period last year, the company earned $1.70 EPS. The firm’s revenue was up 39.6% on a year-over-year basis. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 7.52 earnings per share for the current year.
Simpson Manufacturing Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, January 4th. Simpson Manufacturing’s payout ratio is presently 12.98%.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc engages in the manufacture and marketing of building and construction solutions. It offers wood construction products, which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects, concrete construction products such as anchor, repair, and protection, and strengthening products for concrete, brick, and masonry applications in industrial, infrastructure, residential commercial, and DIY projects.
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