Conestoga Capital Advisors LLC Acquires 61,825 Shares of Simpson Manufacturing Co. (SSD)
Conestoga Capital Advisors LLC boosted its stake in Simpson Manufacturing Co. (NYSE:SSD) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 962,245 shares of the company’s stock after buying an additional 61,825 shares during the period. Simpson Manufacturing makes up about 2.9% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 8th largest position. Conestoga Capital Advisors LLC owned about 1.99% of Simpson Manufacturing worth $42,291,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of SSD. BlackRock Inc. raised its stake in Simpson Manufacturing by 135.5% in the first quarter. BlackRock Inc. now owns 3,073 shares of the company’s stock valued at $117,000 after buying an additional 1,768 shares during the last quarter. State Street Corp raised its stake in Simpson Manufacturing by 1.1% in the first quarter. State Street Corp now owns 811,047 shares of the company’s stock valued at $30,960,000 after buying an additional 8,742 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Simpson Manufacturing by 1.6% in the first quarter. UBS Asset Management Americas Inc. now owns 82,739 shares of the company’s stock valued at $3,158,000 after buying an additional 1,318 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Simpson Manufacturing by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 93,408 shares of the company’s stock valued at $3,566,000 after buying an additional 40,672 shares during the last quarter. Finally, Kennedy Capital Management Inc. purchased a new stake in Simpson Manufacturing during the first quarter valued at about $230,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Simpson Manufacturing Co. (NYSE:SSD) traded up 0.28% during trading on Monday, reaching $47.30. 226,746 shares of the company traded hands. Simpson Manufacturing Co. has a 52 week low of $30.25 and a 52 week high of $48.03. The company’s 50-day moving average price is $43.76 and its 200 day moving average price is $41.83. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 26.44 and a beta of 1.32.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Simpson Manufacturing had a return on equity of 10.07% and a net margin of 10.30%. The company earned $230.97 million during the quarter, compared to analyst estimates of $232.73 million. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Simpson Manufacturing Co. will post $1.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is currently 40.00%.
Several analysts have recently issued reports on SSD shares. Sidoti started coverage on shares of Simpson Manufacturing in a research note on Friday, September 9th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Wednesday, November 2nd.
In other Simpson Manufacturing news, VP Jeffrey Eric Mackenzie sold 1,669 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $45.28, for a total transaction of $75,572.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Ricardo M. Arevalo sold 3,437 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $44.40, for a total value of $152,602.80. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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