Posted by admin on Aug 2nd, 2022

Victory Capital Management Inc. lessened its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 20.8% in the first quarter, HoldingsChannel reports. The firm owned 341,382 shares of the construction company’s stock after selling 89,563 shares during the period. Victory Capital Management Inc.’s holdings in Simpson Manufacturing were worth $37,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its position in shares of Simpson Manufacturing by 596.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,590 shares of the construction company’s stock valued at $360,000 after acquiring an additional 2,218 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Simpson Manufacturing by 1.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,840 shares of the construction company’s stock valued at $2,620,000 after acquiring an additional 277 shares during the period. ProShare Advisors LLC grew its position in shares of Simpson Manufacturing by 56.5% during the 4th quarter. ProShare Advisors LLC now owns 13,440 shares of the construction company’s stock valued at $1,869,000 after acquiring an additional 4,851 shares during the period. Schroder Investment Management Group grew its position in shares of Simpson Manufacturing by 17.2% during the 4th quarter. Schroder Investment Management Group now owns 196,456 shares of the construction company’s stock valued at $27,321,000 after acquiring an additional 28,883 shares during the period. Finally, Signaturefd LLC grew its position in shares of Simpson Manufacturing by 115.3% during the 1st quarter. Signaturefd LLC now owns 239 shares of the construction company’s stock valued at $26,000 after acquiring an additional 128 shares during the period. Institutional investors own 91.44% of the company’s stock.

SSD has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $136.00 to $145.00 in a research report on Tuesday, April 26th. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th.

In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,500 shares of the business’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $107.02, for a total value of $267,550.00. Following the sale, the chief financial officer now owns 25,047 shares in the company, valued at approximately $2,680,529.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director James S. Andrasick sold 1,180 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $104.29, for a total value of $123,062.20. Following the sale, the director now directly owns 1,178 shares in the company, valued at approximately $122,853.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian J. Magstadt sold 2,500 shares of the business’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $107.02, for a total transaction of $267,550.00. Following the completion of the sale, the chief financial officer now owns 25,047 shares in the company, valued at $2,680,529.94. The disclosure for this sale can be found here. Insiders have sold a total of 21,780 shares of company stock worth $2,366,487 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

SSD opened at $106.63 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 3.33. Simpson Manufacturing Co., Inc. has a fifty-two week low of $87.73 and a fifty-two week high of $141.26. The firm’s fifty day moving average is $103.05 and its 200 day moving average is $108.70. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 13.94 and a beta of 1.15.

Simpson Manufacturing (NYSE:SSD – Get Rating) last released its earnings results on Monday, July 25th. The construction company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. The company had revenue of $593.23 million for the quarter, compared to analysts’ expectations of $579.84 million. During the same quarter in the previous year, the company earned $1.66 EPS. Simpson Manufacturing’s revenue for the quarter was up 44.6% on a year-over-year basis. On average, sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 7.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 6th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio (DPR) is 13.59%.

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.

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating).

Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.

Commonwealth Equity Services LLC Sells 1,942 Shares of Discover Financial Services (NYSE:DFS)

Financial Comparison: Equus Total Return (EQS) & Its Peers