GAMMA Investing LLC Boosts Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

GAMMA Investing LLC raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 444 shares of the construction company’s stock after buying an additional 64 shares during the period. GAMMA Investing LLC’s holdings in Simpson Manufacturing were worth $74,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Champlain Investment Partners LLC bought a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $16,060,000. US Bancorp DE lifted its position in Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Simpson Manufacturing by 8,883.3% during the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after purchasing an additional 5,863 shares during the period. Charles Schwab Investment Management Inc. increased its position in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after buying an additional 6,585 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after buying an additional 7,351 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $158.02 on Friday. The stock has a market cap of $6.66 billion, a PE ratio of 20.87 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38. The firm has a fifty day moving average price of $177.71 and a 200-day moving average price of $179.91. 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 analysts’ consensus estimates of $2.40 by ($0.19). The business had revenue of $587.15 million during 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.43 EPS. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

Analyst Upgrades and Downgrades

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

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.