State of Alaska Department of Revenue boosted its position in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 129.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,353 shares of the construction company’s stock after buying an additional 17,671 shares during the period. State of Alaska Department of Revenue owned approximately 0.07% of Simpson Manufacturing worth $2,174,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Raymond James & Associates purchased a new stake in shares of Simpson Manufacturing during the 1st quarter worth $1,627,000. WINTON GROUP Ltd boosted its position in shares of Simpson Manufacturing by 14.0% during the 2nd quarter. WINTON GROUP Ltd now owns 13,894 shares of the construction company’s stock worth $923,000 after purchasing an additional 1,702 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Simpson Manufacturing by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 332,643 shares of the construction company’s stock worth $22,108,000 after purchasing an additional 8,131 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter worth $1,513,000. Finally, Everence Capital Management Inc. boosted its position in shares of Simpson Manufacturing by 36.6% during the 2nd quarter. Everence Capital Management Inc. now owns 7,730 shares of the construction company’s stock worth $514,000 after purchasing an additional 2,070 shares in the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.
In related news, COO Ricardo M. Arevalo sold 1,301 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $65.37, for a total value of $85,046.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger Dankel sold 1,300 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.39, for a total transaction of $83,707.00. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Shares of NYSE:SSD traded up $0.35 during midday trading on Wednesday, hitting $68.89. 17,231 shares of the stock were exchanged, compared to its average volume of 225,405. The stock has a market cap of $3.10 billion, a P/E ratio of 23.84, a PEG ratio of 5.08 and a beta of 1.37. The company has a current ratio of 3.90, a quick ratio of 2.21 and a debt-to-equity ratio of 0.03. Simpson Manufacturing Co, Inc. has a twelve month low of $49.54 and a twelve month high of $70.75. The company has a 50 day moving average price of $66.44 and a 200-day moving average price of $64.26.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, July 29th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.14). Simpson Manufacturing had a return on equity of 14.69% and a net margin of 11.21%. The firm had revenue of $304.90 million for the quarter, compared to analyst estimates of $323.71 million. During the same period last year, the firm earned $0.94 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that Simpson Manufacturing Co, Inc. will post 2.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, October 2nd. Simpson Manufacturing’s payout ratio is 31.83%.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
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