Vest Financial LLC Acquires 10,571 Shares of Simpson Manufacturing Company, Inc. $SSD

Vest Financial LLC raised its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 74.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,826 shares of the construction company’s stock after acquiring an additional 10,571 shares during the quarter. Vest Financial LLC owned approximately 0.06% of Simpson Manufacturing worth $3,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of SSD. Ameritas Advisory Services LLC bought a new position in Simpson Manufacturing in the 2nd quarter valued at $31,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Simpson Manufacturing in the 1st quarter worth $45,000. CWM LLC lifted its holdings in shares of Simpson Manufacturing by 39.1% in the 1st quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after buying an additional 93 shares during the period. Steph & Co. purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter worth $53,000. Finally, Blue Trust Inc. lifted its holdings in shares of Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after buying an additional 321 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insider Activity

In related news, EVP Jeremy Gilstrap sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the transaction, the executive vice president directly owned 7,794 shares of the company’s stock, valued at $1,389,436.38. This represents a 24.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the transaction, the executive vice president directly owned 7,810 shares in the company, valued at $1,531,775.30. This represents a 11.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

SSD has been the subject of several research reports. DA Davidson upped their target price on Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Simpson Manufacturing presently has an average rating of “Hold” and a consensus price target of $191.00.

Simpson Manufacturing Trading Down 0.4%

Shares of NYSE SSD opened at $165.55 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.37 and a quick ratio of 1.80. The stock has a market capitalization of $6.89 billion, a P/E ratio of 21.12 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The business has a fifty day moving average price of $183.34 and a 200 day moving average price of $166.66.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The firm had revenue of $631.06 million during the quarter, compared to analysts’ expectations of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 EPS. Equities research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Simpson Manufacturing’s dividend payout ratio is currently 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.