Envestnet Asset Management Inc. Purchases 31,616 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Envestnet Asset Management Inc. increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 44.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,854 shares of the construction company’s stock after purchasing an additional 31,616 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Simpson Manufacturing were worth $17,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSD. TD Asset Management Inc lifted its position in Simpson Manufacturing by 517.1% in the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock worth $109,911,000 after purchasing an additional 465,193 shares during the period. Vanguard Group Inc. lifted its position in Simpson Manufacturing by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares during the period. Epoch Investment Partners Inc. lifted its position in Simpson Manufacturing by 250.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock worth $64,433,000 after purchasing an additional 232,600 shares during the period. Maren Capital LLC bought a new position in Simpson Manufacturing in the fourth quarter worth $15,493,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Simpson Manufacturing by 903.9% during the fourth quarter. Allianz Asset Management GmbH now owns 74,483 shares of the construction company’s stock valued at $14,746,000 after acquiring an additional 67,064 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Up 1.5 %

Shares of NYSE SSD opened at $192.09 on Tuesday. The stock has a market cap of $8.10 billion, a PE ratio of 24.07 and a beta of 1.32. The business has a fifty day moving average of $180.63 and a two-hundred day moving average of $179.52. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). The company had revenue of $596.98 million for the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 earnings per share. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.58%. Simpson Manufacturing’s payout ratio is presently 14.04%.

Insider Buying and Selling at Simpson Manufacturing

In related news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 completion of the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. 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. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Company 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.