OneDigital Investment Advisors LLC Has $1.66 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

OneDigital Investment Advisors LLC lifted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,689 shares of the construction company’s stock after purchasing an additional 414 shares during the period. OneDigital Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $1,662,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SSD. SkyView Investment Advisors LLC raised its position in Simpson Manufacturing by 0.7% during the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock worth $1,544,000 after acquiring an additional 67 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Simpson Manufacturing by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after purchasing an additional 72 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock valued at $466,000 after purchasing an additional 94 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Simpson Manufacturing by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after purchasing an additional 100 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Simpson Manufacturing by 3.0% in the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insiders Place Their Bets

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. This represents a 26.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the sale, the executive vice president now owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. The trade was a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,871 shares of company stock worth $1,658,259 in the last 90 days. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD opened at $180.37 on Monday. The company’s 50-day moving average is $185.76 and its 200-day moving average is $178.33. 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 firm has a market capitalization of $7.60 billion, a PE ratio of 23.83 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $152.93 and a fifty-two week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data 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). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter last year, the business earned $2.43 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

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

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.