Profund Advisors LLC Buys 693 Shares of Simpson Manufacturing Company, Inc. (SSD)
Profund Advisors LLC raised its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 9.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,804 shares of the construction company’s stock after buying an additional 693 shares during the quarter. Profund Advisors LLC’s holdings in Simpson Manufacturing were worth $341,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of SSD. Riverhead Capital Management LLC lifted its stake in Simpson Manufacturing by 62.3% in the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock valued at $114,000 after buying an additional 996 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Simpson Manufacturing during the second quarter valued at $148,000. Ameritas Investment Partners Inc. acquired a new position in shares of Simpson Manufacturing during the first quarter valued at $154,000. Victory Capital Management Inc. increased its holdings in shares of Simpson Manufacturing by 49.8% during the first quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock valued at $220,000 after purchasing an additional 1,693 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Simpson Manufacturing by 12.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,261 shares of the construction company’s stock valued at $227,000 after purchasing an additional 600 shares during the period. Institutional investors own 83.63% of the company’s stock.
In other news, insider Psb Fund Simpson sold 95,322 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $49.54, for a total transaction of $4,722,251.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 72,424 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $200,724.00, for a total value of $14,537,234,976.00. The disclosure for this sale can be found here. Insiders have sold 240,170 shares of company stock worth $14,545,522,661 in the last ninety days. 0.36% of the stock is currently owned by insiders.
A number of research analysts have recently commented on the company. BidaskClub raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Zacks Investment Research raised Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, July 25th.
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Simpson Manufacturing Company, Inc. (SSD) opened at 49.39 on Friday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 24.09 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $50.10. The stock’s 50 day moving average price is $46.06 and its 200-day moving average price is $43.40.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $263.00 million for the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
About Simpson Manufacturing
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, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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