10,733 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Bought by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 3rd quarter, HoldingsChannel reports. The firm purchased 10,733 shares of the construction company’s stock, valued at approximately $2,053,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSD. EntryPoint Capital LLC bought a new position in Simpson Manufacturing during the 1st quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Simpson Manufacturing in the third quarter worth approximately $34,000. Huntington National Bank increased its stake in shares of Simpson Manufacturing by 73.2% in the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after buying an additional 142 shares during the period. GAMMA Investing LLC raised its holdings in Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after buying an additional 184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Simpson Manufacturing during the 2nd quarter valued at $77,000. 93.68% of the stock is owned by institutional investors.

Insider Activity at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. This trade represents a 26.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The trade was a 36.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,871 shares of company stock worth $1,658,259 over the last 90 days. 0.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Simpson Manufacturing Trading Down 1.2 %

SSD opened at $180.37 on Friday. Simpson Manufacturing Co., Inc. has a one year low of $152.93 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The business has a 50 day simple moving average of $185.76 and a two-hundred day simple moving average of $178.28. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 23.83 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

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

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.