KBC Group NV Raises Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

KBC Group NV boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.6% in the third quarter, Holdings Channel reports. The institutional investor owned 1,206 shares of the construction company’s stock after acquiring an additional 163 shares during the period. KBC Group NV’s holdings in Simpson Manufacturing were worth $231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Simpson Manufacturing by 6.6% during the 1st 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 during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter valued at about $35,884,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Simpson Manufacturing by 336.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after buying an additional 173,097 shares in the last quarter. Nia Impact Advisors LLC purchased a new position in shares of Simpson Manufacturing in the 2nd quarter worth approximately $15,010,000. Finally, Millennium Management LLC raised its stake in shares of Simpson Manufacturing by 57.8% during the 2nd quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock worth $33,990,000 after acquiring an additional 73,872 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In related news, Director James S. Andrasick sold 500 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. This represents a 36.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Olosky sold 6,871 shares of the 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 completion of the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The trade was a 26.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,871 shares of company stock worth $1,658,259 in the last 90 days. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Down 0.0 %

Shares of NYSE:SSD opened at $178.89 on Wednesday. The business’s 50-day moving average is $186.04 and its 200 day moving average is $178.32. 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 $153.60 and a 1 year high of $218.38. The firm has a market capitalization of $7.54 billion, a P/E ratio of 23.63 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released 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 return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter last year, the business earned $2.43 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal 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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

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

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.