Thurston Springer Miller Herd & Titak Inc. Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the second quarter, HoldingsChannel reports. The firm purchased 456 shares of the construction company’s stock, valued at approximately $77,000.

Other hedge funds have also added to or reduced their stakes in the company. HM Payson & Co. boosted its holdings in shares of Simpson Manufacturing by 50.8% during the 1st quarter. HM Payson & Co. now owns 1,347 shares of the construction company’s stock worth $276,000 after buying an additional 454 shares during the period. Virtu Financial LLC grew its position in shares of Simpson Manufacturing by 12.7% in the first quarter. Virtu Financial LLC now owns 4,024 shares of the construction company’s stock valued at $826,000 after purchasing an additional 452 shares during the last quarter. Algebris UK Ltd bought a new position in shares of Simpson Manufacturing during the first quarter worth approximately $713,000. Hancock Whitney Corp bought a new stake in Simpson Manufacturing in the 1st quarter valued at $1,712,000. Finally, SkyView Investment Advisors LLC grew its holdings in Simpson Manufacturing by 2.0% in the 1st quarter. SkyView Investment Advisors LLC now owns 9,094 shares of the construction company’s stock valued at $1,866,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SSD shares. Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the transaction, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 2,700 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares of the company’s stock, valued at $4,582,748.16. The disclosure for this sale can be found here. Insiders have sold a total of 5,450 shares of company stock worth $992,803 in the last ninety days. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD traded up $1.19 during midday trading on Wednesday, hitting $178.39. The company’s stock had a trading volume of 7,158 shares, compared to its average volume of 311,043. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 22.21 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $172.64 and its two-hundred day simple moving average is $183.06. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

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.