Janney Montgomery Scott LLC Has $975,000 Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Janney Montgomery Scott LLC boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 27.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the construction company’s stock after buying an additional 1,088 shares during the period. Janney Montgomery Scott LLC’s holdings in Simpson Manufacturing were worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SSD. B. Riley Wealth Advisors Inc. raised its holdings 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. Hancock Whitney Corp acquired a new stake in Simpson Manufacturing during the 1st quarter valued at $1,712,000. 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 valued at $920,662,000 after purchasing an additional 278,283 shares during the period. BOKF NA lifted its holdings in shares of Simpson Manufacturing by 77.1% in the first quarter. BOKF NA now owns 1,725 shares of the construction company’s stock valued at $347,000 after purchasing an additional 751 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of 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 buying an additional 5,863 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the transaction, the executive vice president now owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. The trade was a 15.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 36.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,871 shares of company stock worth $1,658,259. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Down 1.2 %

SSD opened at $180.37 on Friday. The company has a market capitalization of $7.60 billion, a PE ratio of 23.83 and a beta of 1.32. The business has a 50-day moving average of $185.76 and a 200-day moving average of $178.31. Simpson Manufacturing Co., Inc. has a fifty-two week low of $152.93 and a fifty-two week high of $218.38. 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 posted its earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 earnings per share. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS 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. Stockholders of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report 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.