Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 13.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,785 shares of the construction company’s stock after purchasing an additional 438 shares during the quarter. QRG Capital Management Inc.’s holdings in Simpson Manufacturing were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SSD. EntryPoint Capital LLC acquired a new stake in shares of Simpson Manufacturing in the 1st quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter worth about $34,000. GAMMA Investing LLC lifted its position in Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after acquiring an additional 184 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Simpson Manufacturing during the 2nd quarter worth about $77,000. Finally, Summit Securities Group LLC acquired a new stake in Simpson Manufacturing during the 2nd quarter worth about $80,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $189.25 on Friday. The stock has a 50-day moving average of $184.80 and a two-hundred day moving average of $177.91. Simpson Manufacturing Co., Inc. has a one year low of $140.62 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a market cap of $7.98 billion, a P/E ratio of 25.00 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS 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 business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 EPS. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. Simpson Manufacturing’s payout ratio is currently 14.80%.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The shares were 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 8,871 shares of company stock worth $1,658,259. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price target on 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.