WCM Investment Management LLC Acquires Shares of 70,065 Simpson Manufacturing Co., Inc. (NYSE:SSD)

WCM Investment Management LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 70,065 shares of the construction company’s stock, valued at approximately $13,395,000.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Simpson Manufacturing during the 1st quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 184 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Simpson Manufacturing during the 2nd quarter worth approximately $77,000. Finally, Summit Securities Group LLC bought a new position in Simpson Manufacturing during the 2nd quarter worth approximately $80,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.5 %

NYSE:SSD opened at $190.27 on Tuesday. 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’s 50 day moving average is $184.94 and its two-hundred day moving average is $178.11. Simpson Manufacturing Co., Inc. has a 52 week low of $144.32 and a 52 week high of $218.38. The company has a market cap of $8.02 billion, a PE ratio of 25.13 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 (EPS) for the quarter, missing the consensus estimate 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 return on equity of 18.29% and a net margin of 14.51%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $2.43 EPS. On average, analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Insider Buying and Selling

In related news, Director James S. Andrasick sold 500 shares of the firm’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 sale, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction 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 owns 866 shares of the company’s stock, valued at $154,797.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,871 shares of company stock valued at $1,658,259. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.