Northwest Investment Counselors LLC Raises Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Northwest Investment Counselors LLC raised its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,733 shares of the construction company’s stock after buying an additional 617 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Simpson Manufacturing were worth $1,486,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SSD. Morgan Stanley boosted its stake in Simpson Manufacturing by 246.2% during the fourth quarter. Morgan Stanley now owns 517,900 shares of the construction company’s stock worth $45,917,000 after acquiring an additional 368,325 shares in the last quarter. Norges Bank purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $29,418,000. Rockefeller Capital Management L.P. increased its position in Simpson Manufacturing by 713.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 324,045 shares of the construction company’s stock valued at $35,527,000 after buying an additional 284,188 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Simpson Manufacturing during the 1st quarter valued at approximately $33,740,000. Finally, Capital International Investors boosted its holdings in Simpson Manufacturing by 9.5% in the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock worth $227,186,000 after acquiring an additional 180,856 shares in the last quarter. Institutional investors own 89.45% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, Director Philip E. Donaldson sold 675 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $157.94, for a total value of $106,609.50. Following the transaction, the director now directly owns 6,549 shares of the company’s stock, valued at $1,034,349.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Philip E. Donaldson sold 675 shares of Simpson Manufacturing stock in a transaction on Friday, July 28th. The shares were sold at an average price of $157.94, for a total transaction of $106,609.50. Following the transaction, the director now owns 6,549 shares in the company, valued at approximately $1,034,349.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Andrasick sold 1,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $156.07, for a total transaction of $156,070.00. Following the sale, the director now directly owns 724 shares of the company’s stock, valued at approximately $112,994.68. The disclosure for this sale can be found here. Insiders sold 4,215 shares of company stock valued at $656,495 over the last 90 days. Company insiders own 0.65% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE SSD traded down $4.80 during trading hours on Friday, hitting $152.00. The company’s stock had a trading volume of 711,978 shares, compared to its average volume of 120,088. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.46 and a quick ratio of 2.14. The company has a market cap of $6.49 billion, a P/E ratio of 19.10 and a beta of 1.23. The company’s 50 day simple moving average is $154.23 and its two-hundred day simple moving average is $131.48. Simpson Manufacturing Co., Inc. has a 12 month low of $75.25 and a 12 month high of $166.02.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, July 24th. The construction company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.37. The firm had revenue of $597.60 million during the quarter, compared to analyst estimates of $553.23 million. Simpson Manufacturing had a net margin of 15.78% and a return on equity of 23.43%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.16 earnings per share. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.22 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.57%.

Wall Street Analyst Weigh In

SSD has been the topic of several recent analyst reports. DA Davidson increased their price objective on shares of Simpson Manufacturing from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, July 25th. Robert W. Baird increased their price target on shares of Simpson Manufacturing from $176.00 to $190.00 in a report on Tuesday, July 25th. Finally, StockNews.com assumed coverage on shares of Simpson Manufacturing in a report on Thursday, August 17th. They issued a “buy” rating for the company.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.