US Bancorp DE Has $806,000 Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

US Bancorp DE raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,213 shares of the construction company’s stock after purchasing an additional 352 shares during the quarter. US Bancorp DE’s holdings in Simpson Manufacturing were worth $806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Simpson Manufacturing by 76.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock valued at $686,000 after acquiring an additional 1,447 shares in the last quarter. Hancock Whitney Corp bought a new position in Simpson Manufacturing during the first quarter worth about $1,712,000. Vanguard Group Inc. grew its holdings in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares during the period. BOKF NA grew its holdings in Simpson Manufacturing by 77.1% during the first quarter. BOKF NA now owns 1,725 shares of the construction company’s stock worth $347,000 after purchasing an additional 751 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its holdings in Simpson Manufacturing by 24.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,301 shares of the construction company’s stock worth $3,139,000 after purchasing an additional 3,040 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 1.1 %

Simpson Manufacturing stock opened at $189.25 on Friday. Simpson Manufacturing Co., Inc. has a 52 week low of $140.62 and a 52 week high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a market capitalization of $7.98 billion, a P/E ratio of 25.00 and a beta of 1.32. The stock has a 50-day simple moving average of $184.80 and a 200 day simple moving average of $177.91.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the previous year, the business posted $2.43 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given 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 payout ratio is 14.80%.

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Michael Andersen sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Olosky sold 6,871 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Andersen sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,871 shares of company stock valued at $1,658,259. 0.42% of the stock is owned by insiders.

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.