MML Investors Services LLC Purchases New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

MML Investors Services LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, according to its most recent filing with the SEC. The fund acquired 1,517 shares of the construction company’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Simpson Manufacturing in the third quarter valued at $34,000. Prospera Private Wealth LLC bought a new position in Simpson Manufacturing in the 3rd quarter worth about $37,000. Millburn Ridgefield Corp purchased a new position in Simpson Manufacturing during the 3rd quarter valued at about $51,000. Huntington National Bank increased its position in shares of Simpson Manufacturing by 73.2% during the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after buying an additional 142 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after buying an additional 184 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Price Performance

NYSE:SSD opened at $167.80 on Thursday. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 22.17 and a beta of 1.32. 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 fifty day moving average of $182.17 and a 200 day moving average of $180.20. Simpson Manufacturing Co., Inc. has a 52-week low of $157.42 and a 52-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 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 EPS. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.80%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by 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.