Raymond James & Associates Purchases 13,263 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Raymond James & Associates boosted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,022 shares of the construction company’s stock after acquiring an additional 13,263 shares during the quarter. Raymond James & Associates’ holdings in Simpson Manufacturing were worth $46,100,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SSD. Vanguard Group Inc. raised its holdings in shares of Simpson Manufacturing by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock valued at $920,662,000 after purchasing an additional 278,283 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in Simpson Manufacturing in the second quarter valued at approximately $35,884,000. The Manufacturers Life Insurance Company lifted its position in shares of Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after buying an additional 173,097 shares during the last quarter. Nia Impact Advisors LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $15,010,000. Finally, Millennium Management LLC increased its holdings in shares of Simpson Manufacturing by 57.8% during the 2nd quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock worth $33,990,000 after acquiring an additional 73,872 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $175.98 on Wednesday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 22.05 and a beta of 1.32. 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 Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a 50-day simple moving average of $184.26 and a 200 day simple moving average of $178.16.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is 14.04%.

Insider Transactions at Simpson Manufacturing

In related news, 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 transaction of $89,375.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred 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 owns 866 shares of the company’s stock, valued at $154,797.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction on 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 owns 19,534 shares in the company, valued at approximately $3,660,866.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is currently owned by corporate 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.