SkyView Investment Advisors LLC Purchases 67 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

SkyView Investment Advisors LLC increased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,161 shares of the construction company’s stock after purchasing an additional 67 shares during the period. SkyView Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $1,544,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SSD. Corient Private Wealth LLC increased its holdings in shares of Simpson Manufacturing by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 3,289 shares of the construction company’s stock worth $651,000 after buying an additional 182 shares during the last quarter. Stifel Financial Corp increased its stake in Simpson Manufacturing by 6.6% during the fourth quarter. Stifel Financial Corp now owns 92,069 shares of the construction company’s stock worth $18,228,000 after acquiring an additional 5,735 shares during the last quarter. Allianz Asset Management GmbH raised its position in 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 purchasing an additional 67,064 shares during the period. Evoke Wealth LLC bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $465,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Simpson Manufacturing in the 4th quarter worth approximately $514,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $191.18 on Friday. The firm has a market capitalization of $8.06 billion, a PE ratio of 23.96 and a beta of 1.32. The stock’s fifty day moving average is $181.09 and its 200 day moving average is $179.26. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two 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 released its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). The firm had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. Simpson Manufacturing’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 EPS. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be paid 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 0.59%. Simpson Manufacturing’s dividend payout ratio is 14.04%.

Insider Transactions at Simpson Manufacturing

In related news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares of the company’s stock, valued at approximately $708,114.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is currently owned by company insiders.

About Simpson Manufacturing

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.