GAMMA Investing LLC Increases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

GAMMA Investing LLC boosted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 93.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380 shares of the construction company’s stock after purchasing an additional 184 shares during the quarter. GAMMA Investing LLC’s holdings in Simpson Manufacturing were worth $73,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in shares of Simpson Manufacturing in the first quarter valued at about $29,000. Rise Advisors LLC purchased a new position in shares of Simpson Manufacturing in the 1st quarter valued at approximately $37,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Simpson Manufacturing by 550.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after purchasing an additional 187 shares during the period. CWM LLC raised its stake in shares of Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after purchasing an additional 108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Simpson Manufacturing during the second quarter worth $77,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $193.38 on Wednesday. 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 market cap of $8.15 billion, a price-to-earnings ratio of 24.23 and a beta of 1.32. The firm’s fifty day moving average price is $183.03 and its 200 day moving average price is $178.37. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its 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 firm had revenue of $596.98 million during the quarter, compared to analysts’ expectations of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 EPS. On average, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors 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 0.58%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

Insiders Place Their Bets

In other news, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing 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 transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the transaction, the executive vice president now owns 4,033 shares in the company, valued at $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by company insiders.

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.