SG Americas Securities LLC raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 483.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,820 shares of the construction company’s shares after acquiring an additional 18,906 during the quarter. SG Americas Securities LLC’s holdings in Simpson Manufacturing were worth $2,488,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Summit Global Investments bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at approximately $763,000. Harfst & Associates Inc. Its stake grew in shares of Simpson Manufacturing by 12.1% in the 1st quarter. Harfst & Associates Inc. Now owns 14,119 shares of the construction company’s stock valued at $1,539,000 after buying an additional 1,519 shares in the last quarter. Hillsdale Investment Management Inc. Its stake grew in shares of Simpson Manufacturing by 34.5% in the 1st quarter. Hillsdale Investment Management Inc. Now owns 7,800 shares of the construction company’s stock valued at $851,000 after buying an additional 2,000 shares in the last quarter. Hardy Reed LLC bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at approximately $150,000. Finally, Comerica Bank grew its stake in shares of Simpson Manufacturing by 1.8% in the 1st quarter. Comerica Bank now owns 126,878 shares of the construction company’s stock valued at $13,959,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 91.44% of the company’s stock.
Simpson Manufacturing Stock Down 0.5%
Shares of Simpson Manufacturing stock opened at $108.52 on Friday. The stock has a market capitalization of $4.68 billion, a P/E ratio of 15.18 and a beta of 1.19. The company has a quick ratio of 4.40, a current ratio of 5.85 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $102.83 and a two-hundred day moving average price of $109.98. Simpson Manufacturing Co., Inc. has a 12-month low of $87.73 and a 12-month high of $141.26.
Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its earnings results on Monday, April 25th. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.60. The firm had revenue of $493.57 million during the quarter, compared to analysts’ expectations of $476.28 million. Simpson Manufacturing had a return on equity of 26.86% and a net margin of 18.07%. The company’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.23 earnings per share for the current year.
Simpson Manufacturing Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 6th. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Simpson Manufacturing’s payout ratio is 14.55%.
Wall Street Analyst Weigh In
SSD has been the subject of several recent research reports. StockNews.com cut Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 20th. Robert W. Baird boosted their price target on Simpson Manufacturing from $136.00 to $145.00 in a research note on Tuesday, April 26th.
Insider Transactions at Simpson Manufacturing
In other news, insider Roger Dankel sold 600 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now directly owns 32,412 shares in the company, valued at $3,403,260. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Brian J. Magstadt sold 2,500 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $102.39, for a total value of $255,975.00. Following the completion of the transaction, the chief financial officer now directly owns 22,547 shares in the company, valued at $2,308,587.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger Dankel sold 600 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the completion of the transaction, the insider now owns 32,412 shares of the company’s stock, valued at $3,403,260. The disclosure for this sale can be found here. Insiders sold a total of 22,380 shares of company stock worth $2,429,487 over the last three months. 0.60% of the stock is currently owned by insiders.
Simpson Manufacturing Company 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, strengthening and protection products.
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