Wealth Enhancement Advisory Services LLC Sells 519 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Wealth Enhancement Advisory Services LLC lessened its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,175 shares of the construction company’s stock after selling 519 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Simpson Manufacturing were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. EntryPoint Capital LLC bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC raised 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 purchasing an additional 184 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Simpson Manufacturing in the 2nd quarter worth approximately $77,000. Finally, Summit Securities Group LLC bought a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at $80,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,660,866.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 8,438 shares in the company, 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. 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 ninety days, insiders sold 8,871 shares of company stock worth $1,658,259. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Simpson Manufacturing Stock Up 1.1 %

Shares of NYSE:SSD opened at $189.25 on Friday. The business’s 50-day moving average is $184.80 and its 200-day moving average is $177.91. Simpson Manufacturing Co., Inc. has a 1 year low of $140.62 and a 1 year high of $218.38. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 25.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99.

Simpson Manufacturing (NYSE:SSD) last issued 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 business had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $2.43 earnings per share. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared 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 0.59%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

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.