Inspire Investing LLC Has $395,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Inspire Investing LLC boosted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,343 shares of the construction company’s stock after buying an additional 318 shares during the quarter. Inspire Investing LLC’s holdings in Simpson Manufacturing were worth $395,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its stake in shares of Simpson Manufacturing by 76.3% during the first 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 during the period. Axiom Investors LLC DE raised its holdings in Simpson Manufacturing by 129.0% during the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after purchasing an additional 60,178 shares during the last quarter. Hancock Whitney Corp acquired a new position in Simpson Manufacturing during the 1st quarter valued at about $1,712,000. Epoch Investment Partners Inc. boosted its stake in shares of Simpson Manufacturing by 250.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after purchasing an additional 232,600 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after buying an additional 278,283 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Trading Down 3.0 %

SSD opened at $189.26 on Friday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 23.72 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The firm has a 50 day simple moving average of $180.44 and a 200 day simple moving average of $179.91.

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

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.04%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the sale, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the sale, the director now owns 866 shares of the company’s stock, valued at $154,797.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is currently owned by company 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.