Moloney Securities Asset Management LLC Invests $1.04 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Moloney Securities Asset Management LLC purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,450 shares of the construction company’s stock, valued at approximately $1,042,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Simpson Manufacturing in the first quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC increased its position 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 purchasing an additional 184 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Simpson Manufacturing during the 2nd quarter valued at approximately $77,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Simpson Manufacturing during the 2nd quarter worth approximately $80,000. 93.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares of the company’s stock, valued at $1,581,787.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares of the company’s stock, valued at $1,581,787.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the transaction, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,871 shares of company stock valued at $1,833,839 in the last quarter. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $180.79 on Wednesday. The stock has a market cap of $7.62 billion, a PE ratio of 23.88 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1-year low of $140.62 and a 1-year high of $218.38. 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 stock’s fifty day simple moving average is $184.51 and its two-hundred day simple moving average is $177.73.

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

Simpson Manufacturing Dividend Announcement

The company 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 $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their price target 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.

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.