Voya Investment Management LLC Raises Holdings in Simpson Manufacturing Company, Inc. $SSD

Voya Investment Management LLC increased its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 7,182 shares of the construction company’s stock after acquiring an additional 152 shares during the quarter. Voya Investment Management LLC’s holdings in Simpson Manufacturing were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Simpson Manufacturing during the first quarter worth about $45,000. CWM LLC lifted its holdings in shares of Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after purchasing an additional 93 shares during the period. Blue Trust Inc. lifted its holdings in shares of Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after purchasing an additional 321 shares during the period. Bayforest Capital Ltd acquired a new position in Simpson Manufacturing in the first quarter valued at approximately $72,000. Finally, UMB Bank n.a. lifted its holdings in Simpson Manufacturing by 171.5% in the first quarter. UMB Bank n.a. now owns 562 shares of the construction company’s stock valued at $88,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 0.5%

Shares of SSD opened at $179.34 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 22.88 and a beta of 1.30. The stock has a 50 day moving average price of $183.05 and a 200 day moving average price of $165.51.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.39 by $0.08. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The firm had revenue of $631.06 million during the quarter, compared to analysts’ expectations of $601.80 million. During the same period in the previous year, the business earned $2.31 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing’s payout ratio is presently 14.80%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their price target on Simpson Manufacturing from $180.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.50.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares in the company, valued at $1,531,775.30. This represents a 11.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy Gilstrap sold 2,500 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares of the company’s stock, valued at approximately $1,389,436.38. The trade was a 24.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by insiders.

About Simpson Manufacturing

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.