Park Avenue Securities LLC Grows Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Park Avenue Securities LLC increased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,010 shares of the construction company’s stock after acquiring an additional 115 shares during the quarter. Park Avenue Securities LLC’s holdings in Simpson Manufacturing were worth $384,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its stake in Simpson Manufacturing by 76.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock worth $686,000 after acquiring an additional 1,447 shares during the period. Hancock Whitney Corp purchased a new stake in shares of Simpson Manufacturing during the first quarter valued at about $1,712,000. Vanguard Group Inc. lifted its position in shares of Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after buying an additional 278,283 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Simpson Manufacturing by 13.0% during the first quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company’s stock valued at $9,527,000 after buying an additional 5,339 shares during the last quarter. Finally, BOKF NA lifted its position in shares of Simpson Manufacturing by 77.1% during the first quarter. BOKF NA now owns 1,725 shares of the construction company’s stock valued at $347,000 after buying an additional 751 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm’s 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 sale, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James S. Andrasick sold 500 shares of the firm’s 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 sale, the director now owns 866 shares in the company, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last quarter. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

SSD stock opened at $191.31 on Friday. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 24.56 and a beta of 1.32. The firm has a 50-day simple moving average of $182.32 and a two-hundred day simple moving average of $178.70. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year 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 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 analysts’ expectations of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.50 earnings per share. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is currently 14.38%.

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.