Posted by admin on Aug 19th, 2022
Swiss National Bank raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,700 shares of the construction company’s stock after buying an additional 7,000 shares during the period. Swiss National Bank owned about 0.24% of Simpson Manufacturing worth $11,198,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SSD. Northwestern Mutual Wealth Management Co. boosted its holdings in Simpson Manufacturing by 617.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 244 shares of the construction company’s stock worth $34,000 after buying an additional 210 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $209,000. Advisor Group Holdings Inc. boosted its holdings in shares of Simpson Manufacturing by 79.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 7,239 shares of the construction company’s stock worth $1,006,000 after purchasing an additional 3,208 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $206,000. Finally, IndexIQ Advisors LLC boosted its holdings in shares of Simpson Manufacturing by 36.0% during the 4th quarter. IndexIQ Advisors LLC now owns 551 shares of the construction company’s stock worth $77,000 after purchasing an additional 146 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE SSD opened at $106.23 on Friday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 13.89 and a beta of 1.15. The company has a quick ratio of 1.84, a current ratio of 3.33 and a debt-to-equity ratio of 0.52. Simpson Manufacturing Co., Inc. has a 52-week low of $87.73 and a 52-week high of $141.26. The business’s 50 day moving average is $101.69 and its two-hundred day moving average is $107.55.
Simpson Manufacturing (NYSE:SSD – Get Rating) last posted its quarterly earnings data on Monday, July 25th. The construction company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. Simpson Manufacturing had a return on equity of 27.51% and a net margin of 17.44%. The business had revenue of $593.23 million for the quarter, compared to analyst estimates of $579.84 million. During the same quarter in the prior year, the company earned $1.66 earnings per share. The company’s revenue was up 44.6% on a year-over-year basis. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 6th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. Simpson Manufacturing’s payout ratio is currently 13.59%.
In related news, CFO Brian J. Magstadt sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief financial officer now owns 20,047 shares in the company, valued at $2,004,700. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Brian J. Magstadt sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief financial officer now owns 20,047 shares in the company, valued at $2,004,700. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Roger Dankel sold 600 shares of the business’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $105.00, for a total transaction of $63,000.00. Following the transaction, the insider now owns 31,212 shares of the company’s stock, valued at approximately $3,277,260. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,100 shares of company stock worth $2,493,425. Corporate insiders own 0.60% of the company’s stock.
SSD has been the topic of several recent research reports. Robert W. Baird boosted their target price on Simpson Manufacturing from $136.00 to $145.00 in a report on Tuesday, April 26th. StockNews.com raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th.
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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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