Massachusetts Financial Services Co. MA Acquires 187 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,127 shares of the construction company’s stock after purchasing an additional 187 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Simpson Manufacturing were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SSD. Vanguard Group Inc. raised its stake in 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. Conestoga Capital Advisors LLC raised its stake in Simpson Manufacturing by 1.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock worth $235,551,000 after buying an additional 19,312 shares during the period. Fiduciary Management Inc. WI raised its stake in Simpson Manufacturing by 3.1% during the 4th quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company’s stock worth $179,918,000 after buying an additional 27,490 shares during the period. Burgundy Asset Management Ltd. raised its stake in Simpson Manufacturing by 1.1% during the 1st quarter. Burgundy Asset Management Ltd. now owns 596,271 shares of the construction company’s stock worth $122,343,000 after buying an additional 6,777 shares during the period. Finally, TD Asset Management Inc raised its stake in Simpson Manufacturing by 517.1% during the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock worth $109,911,000 after buying an additional 465,193 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

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

Simpson Manufacturing Stock Up 1.5 %

SSD stock opened at $192.09 on Tuesday. The company has a market cap of $8.10 billion, a P/E ratio of 24.07 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The stock’s 50 day simple moving average is $180.63 and its 200 day simple moving average is $179.52. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69.

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

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

About Simpson Manufacturing

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.