B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 10,775 Simpson Manufacturing Co., Inc. (NYSE:SSD)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,775 shares of the construction company’s stock, valued at approximately $2,061,000.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing in the 1st quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in shares of Simpson Manufacturing during the third quarter valued at approximately $34,000. Huntington National Bank boosted its position in shares of Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after buying an additional 184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Simpson Manufacturing during the 2nd quarter valued at approximately $77,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $181.26 on Friday. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The firm has a market capitalization of $7.64 billion, a PE ratio of 23.94 and a beta of 1.32. The company has a 50 day moving average price of $186.31 and a 200-day moving average price of $178.35.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 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 business had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the prior year, the company posted $2.43 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the company’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 completion of the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. This represents a 36.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This represents a 26.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,871 shares of company stock worth $1,658,259. Corporate insiders own 0.42% of the company’s stock.

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.