Azzad Asset Management Inc. ADV Buys 1,434 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Azzad Asset Management Inc. ADV boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 48.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,379 shares of the construction company’s stock after purchasing an additional 1,434 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Simpson Manufacturing were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in SSD. Vanguard Group Inc. boosted its position in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Simpson Manufacturing in the second quarter worth about $35,884,000. The Manufacturers Life Insurance Company boosted its holdings in Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after acquiring an additional 173,097 shares in the last quarter. Nia Impact Advisors LLC acquired a new stake in Simpson Manufacturing in the second quarter worth about $15,010,000. Finally, Millennium Management LLC boosted its holdings in Simpson Manufacturing by 57.8% in the second quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock worth $33,990,000 after acquiring an additional 73,872 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $89,375.00. Following the completion of the transaction, the director now owns 866 shares of the company’s stock, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock worth $2,348,027 over the last three months. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $193.60 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The company has a market cap of $8.16 billion, a PE ratio of 24.26 and a beta of 1.32. The business has a 50-day simple moving average of $181.98 and a two-hundred day simple moving average of $178.73. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The company 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 is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is 14.04%.

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.