GAMMA Investing LLC Invests $35,000 in Simpson Manufacturing Co., Inc. (NYSE:SSD)

GAMMA Investing LLC acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 195 shares of the construction company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SSD. Invesco Ltd. boosted its position in shares of Simpson Manufacturing by 309.3% during the third quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock worth $72,340,000 after buying an additional 364,910 shares during the period. FMR LLC lifted its position in Simpson Manufacturing by 48.6% in the third quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock worth $157,473,000 after purchasing an additional 343,986 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Simpson Manufacturing by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock worth $88,679,000 after purchasing an additional 140,401 shares during the period. Comerica Bank lifted its position in Simpson Manufacturing by 669.6% in the third quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock worth $19,766,000 after purchasing an additional 114,795 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in Simpson Manufacturing by 1,190.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 34,840 shares of the construction company’s stock worth $5,219,000 after purchasing an additional 32,140 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the sale, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The disclosure for this sale can be found here. Insiders have sold a total of 3,784 shares of company stock valued at $770,924 in the last three months. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $181.05 on Friday. Simpson Manufacturing Co., Inc. has a one year low of $117.08 and a one year high of $218.38. The stock has a fifty day moving average of $193.89 and a 200-day moving average of $180.36. The company has a market capitalization of $7.69 billion, a PE ratio of 22.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77.

Simpson Manufacturing (NYSE:SSDGet Free Report) last announced its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the company posted $2.05 EPS. Simpson Manufacturing’s revenue was down .7% on a year-over-year basis. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be paid a dividend of $0.28 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, July 3rd. Simpson Manufacturing’s payout ratio is 13.53%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSD. Robert W. Baird upped their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday.

View Our Latest Report on SSD

Simpson Manufacturing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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