Sei Investments Co. Has $14.87 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sei Investments Co. grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,218 shares of the construction company’s stock after acquiring an additional 7,468 shares during the quarter. Sei Investments Co. owned 0.21% of Simpson Manufacturing worth $14,868,000 at the end of the most recent reporting period.

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

Simpson Manufacturing Stock Up 0.4 %

SSD stock opened at $189.60 on Friday. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 23.76 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $123.93 and a twelve month high of $218.38. The business has a 50 day moving average price of $180.89 and a two-hundred day moving average price of $179.52. 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 issued its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). The firm had revenue of $596.98 million for 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 quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

Insider Buying and Selling

In other news, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 866 shares of the company’s stock, valued at $154,797.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at $154,797.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the sale, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,571 shares of company stock worth $2,348,027. Company 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.