Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,689 shares of the construction company’s stock after buying an additional 847 shares during the quarter. Sanctuary Advisors LLC’s holdings in Simpson Manufacturing were worth $2,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSD. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at $34,000. Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $37,000. Millburn Ridgefield Corp acquired a new stake in Simpson Manufacturing in the third quarter valued at $51,000. Huntington National Bank boosted its holdings in 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 buying an additional 142 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after acquiring an additional 184 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $171.80 on Thursday. The company has a market cap of $7.24 billion, a P/E ratio of 22.69 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $184.48 and a 200-day simple moving average of $180.00.

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

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is currently 14.80%.

Insiders Place Their Bets

In related news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.

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.