Simpson Manufacturing Co., Inc. (NYSE:SSD) Holdings Raised by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,746 shares of the construction company’s stock after acquiring an additional 230 shares during the period. HighTower Advisors LLC’s holdings in Simpson Manufacturing were worth $1,101,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Raymond James & Associates raised its position in Simpson Manufacturing by 7.4% during the second quarter. Raymond James & Associates now owns 227,759 shares of the construction company’s stock valued at $38,384,000 after acquiring an additional 15,776 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at $213,000. &PARTNERS bought a new stake in Simpson Manufacturing in the second quarter worth $363,000. Ceredex Value Advisors LLC acquired a new position in Simpson Manufacturing during the second quarter worth $9,303,000. Finally, Raymond James Trust N.A. raised its holdings in Simpson Manufacturing by 18.9% during the second quarter. Raymond James Trust N.A. now owns 4,208 shares of the construction company’s stock valued at $709,000 after buying an additional 669 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $177.73 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $184.90 and a 200-day simple moving average of $180.06. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 23.48 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1-year low of $157.42 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm 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 firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 EPS. On average, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Analyst Ratings Changes

Separately, Robert W. Baird upped their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

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.