Champlain Investment Partners LLC Invests $16.06 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Champlain Investment Partners LLC acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 83,966 shares of the construction company’s stock, valued at approximately $16,060,000. Champlain Investment Partners LLC owned 0.20% of Simpson Manufacturing as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSD. EntryPoint Capital LLC bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at about $29,000. V Square Quantitative Management LLC bought a new stake in Simpson Manufacturing in the third quarter valued at approximately $34,000. Prospera Private Wealth LLC acquired a new stake in Simpson Manufacturing in the third quarter worth $37,000. Huntington National Bank boosted its position in shares of Simpson Manufacturing by 73.2% during the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after buying an additional 184 shares during the period. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This represents a 26.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. This trade represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,871 shares of company stock worth $1,658,259. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Up 1.9 %

NYSE:SSD opened at $184.77 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The business’s 50-day simple moving average is $186.37 and its 200-day simple moving average is $178.35. Simpson Manufacturing Co., Inc. has a fifty-two week low of $157.42 and a fifty-two week high of $218.38. The stock has a market capitalization of $7.79 billion, a PE ratio of 24.41 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

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.