Dimensional Fund Advisors LP Buys 39,803 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Dimensional Fund Advisors LP raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 945,421 shares of the construction company’s stock after purchasing an additional 39,803 shares during the period. Dimensional Fund Advisors LP owned 2.24% of Simpson Manufacturing worth $159,343,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SSD. Norges Bank bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $81,069,000. D.A. Davidson & CO. lifted its position in shares of Simpson Manufacturing by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 4,704 shares of the construction company’s stock valued at $931,000 after acquiring an additional 190 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Simpson Manufacturing by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 3,289 shares of the construction company’s stock valued at $651,000 after acquiring an additional 182 shares in the last quarter. Assetmark Inc. lifted its position in shares of Simpson Manufacturing by 11.8% in the fourth quarter. Assetmark Inc. now owns 19,662 shares of the construction company’s stock valued at $3,893,000 after acquiring an additional 2,075 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Simpson Manufacturing by 517.1% in the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after acquiring an additional 465,193 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

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 transaction, 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 filing with the SEC, which is available through this link. 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 transaction, 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 filing with the SEC, which is available through this link. Also, EVP Michael Andersen sold 1,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the transaction, the executive vice president now directly owns 8,438 shares of the company’s stock, valued at $1,581,787.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,571 shares of company stock valued at $2,348,027. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $189.35 on Friday. The stock’s 50-day simple moving average is $180.28 and its 200-day simple moving average is $180.27. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 24.04 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25.

Simpson Manufacturing (NYSE:SSD) last announced 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). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $596.98 million during the quarter, compared to analysts’ expectations of $604.67 million. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Simpson Manufacturing’s revenue was down .1% on a year-over-year basis. As a group, analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is presently 14.04%.

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.