Van ECK Associates Corp Grows Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Van ECK Associates Corp increased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,882 shares of the construction company’s stock after purchasing an additional 7,966 shares during the quarter. Van ECK Associates Corp’s holdings in Simpson Manufacturing were worth $4,921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SSD. EntryPoint Capital LLC purchased a new stake in shares of Simpson Manufacturing during the first quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter worth about $34,000. GAMMA Investing LLC grew its position in shares of Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Simpson Manufacturing during the 2nd quarter valued at approximately $77,000. Finally, Summit Securities Group LLC purchased a new position in Simpson Manufacturing during the 2nd quarter valued at approximately $80,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity

In other news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James S. Andrasick sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the sale, the director now directly owns 866 shares of the company’s stock, valued at $154,797.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,871 shares of company stock valued at $1,658,259 in the last ninety days. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $189.23 on Friday. The stock has a market capitalization of $7.98 billion, a PE ratio of 25.00 and a beta of 1.32. The business has a 50 day simple moving average of $184.80 and a two-hundred day simple moving average of $177.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. Simpson Manufacturing Co., Inc. has a 1-year low of $140.62 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. On average, research analysts predict 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. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing 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.