B. Riley Wealth Advisors Inc. raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Free Report) by 74.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,343 shares of the construction company’s stock after buying an additional 1,430 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Simpson Manufacturing were worth $501,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. 1832 Asset Management L.P. purchased a new stake in shares of Simpson Manufacturing during the first quarter worth $27,000. Quantbot Technologies LP acquired a new position in shares of Simpson Manufacturing during the 1st quarter valued at about $30,000. Arlington Trust Co LLC acquired a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $31,000. Pinebridge Investments L.P. acquired a new position in shares of Simpson Manufacturing during the 2nd quarter valued at about $36,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 89.45% of the company’s stock.
Analyst Ratings Changes
Separately, Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th.
Get Our Latest Analysis on Simpson Manufacturing
Insider Transactions at Simpson Manufacturing
In related news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the sale, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Chatman sold 934 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,784 shares of company stock valued at $759,092. 0.65% of the stock is currently owned by corporate insiders.
Simpson Manufacturing Trading Up 1.8 %
NYSE SSD opened at $201.29 on Thursday. The firm’s 50-day moving average is $193.53 and its two-hundred day moving average is $171.94. Simpson Manufacturing Co., Inc. has a 12 month low of $101.74 and a 12 month high of $218.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11. The stock has a market capitalization of $8.55 billion, a P/E ratio of 24.37 and a beta of 1.31.
Simpson Manufacturing (NYSE:SSD – Get Free Report) last posted its earnings results on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The company had revenue of $501.70 million during the quarter, compared to analyst estimates of $482.98 million. During the same period in the previous year, the company earned $1.35 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.54%. Simpson Manufacturing’s dividend payout ratio is presently 13.08%.
Simpson Manufacturing Company 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.
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