Roubaix Capital LLC Acquires New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Roubaix Capital LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,179 shares of the construction company’s stock, valued at approximately $4,051,000. Simpson Manufacturing accounts for about 2.2% of Roubaix Capital LLC’s investment portfolio, making the stock its 21st largest holding. Roubaix Capital LLC owned approximately 0.05% of Simpson Manufacturing as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. State of Alaska Department of Revenue boosted its stake in Simpson Manufacturing by 5.8% during the third quarter. State of Alaska Department of Revenue now owns 4,899 shares of the construction company’s stock valued at $937,000 after buying an additional 270 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Simpson Manufacturing by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after acquiring an additional 100 shares during the last quarter. Moody Aldrich Partners LLC boosted its position in shares of Simpson Manufacturing by 27.5% during the 3rd quarter. Moody Aldrich Partners LLC now owns 26,839 shares of the construction company’s stock valued at $5,133,000 after purchasing an additional 5,796 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after purchasing an additional 5,863 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Simpson Manufacturing by 4.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 42,955 shares of the construction company’s stock worth $8,216,000 after purchasing an additional 1,956 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Up 0.2 %

Shares of Simpson Manufacturing stock opened at $181.12 on Thursday. 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 Co., Inc. has a 12-month low of $132.19 and a 12-month high of $218.38. The firm has a market capitalization of $7.64 billion, a PE ratio of 23.93 and a beta of 1.32. The stock’s fifty day moving average is $184.76 and its 200-day moving average is $177.84.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.43 earnings per share. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. Simpson Manufacturing’s payout ratio is currently 14.80%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael Andersen sold 1,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the transaction, the executive vice president now directly owns 8,438 shares in the company, valued at $1,581,787.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,871 shares of company stock valued at $1,833,839 over the last quarter. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

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

About Simpson Manufacturing

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.