Procyon Advisors LLC Increases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Procyon Advisors LLC increased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,332 shares of the construction company’s stock after purchasing an additional 187 shares during the period. Procyon Advisors LLC’s holdings in Simpson Manufacturing were worth $446,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. SkyView Investment Advisors LLC raised its position in shares of Simpson Manufacturing by 0.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock worth $1,544,000 after purchasing an additional 67 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Simpson Manufacturing by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after purchasing an additional 72 shares during the last quarter. Jennison Associates LLC raised its position in shares of Simpson Manufacturing by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after purchasing an additional 90 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Simpson Manufacturing by 4.3% during the 1st quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock worth $451,000 after purchasing an additional 91 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Simpson Manufacturing by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after purchasing an additional 94 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 0.1 %

Shares of SSD opened at $193.38 on Wednesday. The stock has a fifty day moving average of $183.03 and a two-hundred day moving average of $178.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The company has a market capitalization of $8.15 billion, a PE ratio of 24.23 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. The ex-dividend date 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 14.04%.

Insider Transactions at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Andrasick sold 500 shares of the company’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 sale, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock worth $2,348,027 in the last ninety days. Insiders own 0.42% of the company’s stock.

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.