Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,700 shares of the construction company’s stock after acquiring an additional 1,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Simpson Manufacturing were worth $2,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Simpson Manufacturing by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after buying an additional 278,283 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after acquiring an additional 232,600 shares in the last quarter. Nia Impact Advisors LLC acquired a new position in Simpson Manufacturing during the second quarter worth about $15,010,000. Ceredex Value Advisors LLC purchased a new stake in shares of Simpson Manufacturing in the second quarter valued at about $9,303,000. Finally, Lazard Asset Management LLC grew its position in shares of Simpson Manufacturing by 198.9% in the first quarter. Lazard Asset Management LLC now owns 69,409 shares of the construction company’s stock valued at $14,241,000 after purchasing an additional 46,191 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction on 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 in the company, valued at $4,582,748.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction on 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 in the company, valued at approximately $3,660,866.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 2,700 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were 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 $4,582,748.16. The disclosure for this sale can be found here. Insiders have sold a total of 12,571 shares of company stock valued at $2,348,027 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $190.95 on Wednesday. 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 market capitalization of $8.05 billion, a price-to-earnings ratio of 23.93 and a beta of 1.32. The stock has a fifty day moving average of $181.53 and a two-hundred day moving average of $179.02. 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 quarterly 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 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 revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $2.50 earnings per share. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

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.