Moloney Securities Asset Management LLC Buys New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Moloney Securities Asset Management LLC purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,450 shares of the construction company’s stock, valued at approximately $1,042,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSD. Wealth Enhancement Advisory Services LLC raised its stake in Simpson Manufacturing by 4.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the construction company’s stock worth $580,000 after acquiring an additional 133 shares during the period. Norden Group LLC acquired a new stake in Simpson Manufacturing in the 1st quarter worth $208,000. Private Advisor Group LLC grew its position in Simpson Manufacturing by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock worth $451,000 after purchasing an additional 91 shares during the last quarter. BNP Paribas Financial Markets grew its position in Simpson Manufacturing by 13.0% in the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company’s stock worth $9,527,000 after purchasing an additional 5,339 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Simpson Manufacturing by 1.8% in the 1st quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Simpson Manufacturing Trading Up 0.7 %

Shares of SSD stock opened at $180.79 on Wednesday. Simpson Manufacturing Co., Inc. has a 12-month low of $140.62 and a 12-month high of $218.38. The company has a market capitalization of $7.62 billion, a P/E ratio of 23.88 and a beta of 1.32. The firm has a 50-day moving average price of $184.51 and a 200 day moving average price of $177.73. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same period in the prior year, the firm posted $2.43 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,871 shares of company stock valued at $1,833,839. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing 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.