Prospera Private Wealth LLC Acquires New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Prospera Private Wealth LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 196 shares of the construction company’s stock, valued at approximately $37,000.

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

Analysts Set New Price Targets

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

Simpson Manufacturing Price Performance

Shares of SSD opened at $184.60 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $186.37 and its 200-day simple moving average is $178.36. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 24.39 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. Simpson Manufacturing’s payout ratio is currently 14.80%.

Insider Transactions at Simpson Manufacturing

In other news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated 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 in the company, valued at approximately $154,797.50. The trade was a 36.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Andersen sold 1,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.46, for a total value of $281,190.00. Following the completion of the sale, the executive vice president now directly owns 8,438 shares of the company’s stock, valued at approximately $1,581,787.48. This trade represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,871 shares of company stock worth $1,658,259. 0.42% of the stock is currently owned by insiders.

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.