Victory Capital Management Inc. Has $28.47 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Victory Capital Management Inc. raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 54.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,820 shares of the construction company’s stock after acquiring an additional 52,677 shares during the period. Victory Capital Management Inc.’s holdings in Simpson Manufacturing were worth $28,465,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SSD. Russell Investments Group Ltd. raised its holdings in Simpson Manufacturing by 117.0% in the 1st quarter. Russell Investments Group Ltd. now owns 14,901 shares of the construction company’s stock valued at $3,057,000 after acquiring an additional 8,035 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Simpson Manufacturing by 24.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,301 shares of the construction company’s stock valued at $3,139,000 after purchasing an additional 3,040 shares during the period. Vanguard Group Inc. grew its position in 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 acquiring an additional 278,283 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Simpson Manufacturing during the 1st quarter worth approximately $794,000. Finally, O Shaughnessy Asset Management LLC grew its position in Simpson Manufacturing by 8.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,364 shares of the construction company’s stock worth $895,000 after acquiring an additional 355 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Insider Buying and Selling

In related news, 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 transaction of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This trade represents a 26.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing 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 completion of the sale, the director now directly owns 866 shares in the company, valued at $154,797.50. This represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,871 shares of company stock valued at $1,658,259. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Stock Performance

SSD stock opened at $180.37 on Monday. The business’s fifty day moving average is $185.76 and its 200-day moving average is $178.33. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.60 billion, a P/E ratio of 23.83 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $152.93 and a twelve month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.43 EPS. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is presently 14.80%.

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.