Susquehanna Fundamental Investments LLC Makes New Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Susquehanna Fundamental Investments LLC purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the second quarter, according to its most recent filing with the SEC. The firm purchased 6,323 shares of the construction company’s stock, valued at approximately $1,066,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Simpson Manufacturing by 6.6% in the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Simpson Manufacturing by 1.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,397,677 shares of the construction company’s stock worth $235,551,000 after acquiring an additional 19,312 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Simpson Manufacturing by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after acquiring an additional 39,803 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in Simpson Manufacturing by 3.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company’s stock valued at $179,918,000 after acquiring an additional 27,490 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock worth $101,928,000 after purchasing an additional 8,535 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the sale, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares in the company, valued at approximately $4,582,748.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at $154,797.50. The disclosure for this sale can be found here. Insiders sold 12,571 shares of company stock worth $2,348,027 over the last three months. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 0.4 %

Simpson Manufacturing stock opened at $191.64 on Thursday. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The business has a fifty day moving average price of $181.81 and a 200-day moving average price of $179.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 24.02 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). The company had revenue of $596.98 million during the quarter, compared to analysts’ expectations of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 EPS. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 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 24th. Investors of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.04%.

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.