Marshall Financial Group LLC Boosts Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Marshall Financial Group LLC grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,379 shares of the construction company’s stock after buying an additional 255 shares during the quarter. Marshall Financial Group LLC’s holdings in Simpson Manufacturing were worth $2,335,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SSD. Norden Group LLC acquired a new stake in shares of Simpson Manufacturing in the 1st quarter valued at approximately $208,000. State of Michigan Retirement System increased its holdings in Simpson Manufacturing by 2.9% during the 1st quarter. State of Michigan Retirement System now owns 10,527 shares of the construction company’s stock worth $2,160,000 after purchasing an additional 300 shares during the last quarter. Ironwood Financial llc acquired a new stake in Simpson Manufacturing in the first quarter valued at $205,000. 180 Wealth Advisors LLC bought a new stake in Simpson Manufacturing in the first quarter valued at about $205,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Simpson Manufacturing by 4.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,828 shares of the construction company’s stock valued at $580,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of recent research reports. Robert W. Baird upped their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Simpson Manufacturing Stock Down 0.3 %

SSD stock traded down $0.47 during midday trading on Thursday, reaching $164.25. The company had a trading volume of 188,080 shares, compared to its average volume of 578,013. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38. The company has a 50 day moving average of $170.21 and a two-hundred day moving average of $184.85. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $6.92 billion, a P/E ratio of 20.58 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, July 3rd. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s dividend payout ratio is currently 13.53%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the transaction, the executive vice president now directly owns 26,764 shares in the company, valued at $4,687,179.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.