10,240 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,240 shares of the construction company’s stock, valued at approximately $1,726,000.

Several other institutional investors also recently bought and sold shares of SSD. Commonwealth Equity Services LLC boosted its position in 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 period. Jennison Associates LLC boosted its position in shares of Simpson Manufacturing by 1.8% in the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after buying an additional 90 shares during the period. Private Advisor Group LLC grew its stake in shares of Simpson Manufacturing by 4.3% in the first quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock valued at $451,000 after buying an additional 91 shares in the last quarter. CWM LLC raised its holdings in shares of Simpson Manufacturing by 50.2% during the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the period. Finally, Tidal Investments LLC boosted its holdings in Simpson Manufacturing by 3.0% in the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after acquiring an additional 109 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Up 1.5 %

SSD opened at $192.09 on Tuesday. The firm’s 50 day moving average is $180.63 and its 200-day moving average is $179.52. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.10 billion, a P/E ratio of 24.07 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). The firm had revenue of $596.98 million for the quarter, compared to analysts’ expectations of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $2.50 EPS. Analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

Insider Buying and Selling at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Andrasick sold 500 shares of the 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 transaction, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock worth $2,348,027 in the last 90 days. 0.42% of the stock is owned by corporate insiders.

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.