Posted by admin on Jul 21st, 2022

Hardy Reed LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,375 shares of the construction company’s stock, valued at approximately $150,000.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Simpson Manufacturing by 617.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 244 shares of the construction company’s stock valued at $34,000 after buying an additional 210 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $39,000. Covestor Ltd acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $71,000. MUFG Americas Holdings Corp raised its position in shares of Simpson Manufacturing by 155.3% in the fourth quarter. MUFG Americas Holdings Corp now owns 526 shares of the construction company’s stock valued at $73,000 after buying an additional 320 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its position in Simpson Manufacturing by 36.0% during the fourth quarter. IndexIQ Advisors LLC now owns 551 shares of the construction company’s stock worth $77,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.

Simpson Manufacturing stock opened at $107.77 on Thursday. The stock has a market cap of $4.65 billion, a P/E ratio of 15.07 and a beta of 1.19. The company has a current ratio of 5.85, a quick ratio of 4.40 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $102.60 and a 200-day moving average of $110.51. Simpson Manufacturing Co., Inc. has a 52 week low of $87.73 and a 52 week high of $141.26.

Simpson Manufacturing (NYSE:SSD – Get Rating) last released its earnings results on Monday, April 25th. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.58 by $0.60. The company 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 business’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 7.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Investors of record on Thursday, July 7th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, July 6th. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.97%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.55%.

SSD has been the topic of several research reports. Robert W. Baird raised their price objective on 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 “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 20th.

In related news, CEO Karen Winifred Colonias sold 15,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following the transaction, the chief executive officer now directly owns 33,423 shares in the company, valued at $3,691,904.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Karen Winifred Colonias sold 15,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following the transaction, the chief executive officer now directly owns 33,423 shares in the company, valued at $3,691,904.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger Dankel sold 600 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $105.00, for a total value of $63,000.00. Following the transaction, the insider now owns 32,412 shares in the company, valued at $3,403,260. The disclosure for this sale can be found here. Insiders have sold 22,380 shares of company stock worth $2,429,487 over the last ninety days. 0.60% of the stock is owned by insiders.

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.

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