MML Investors Services LLC Takes $290,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

MML Investors Services LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,517 shares of the construction company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SkyView Investment Advisors LLC lifted its position in Simpson Manufacturing by 0.7% in the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock valued at $1,544,000 after purchasing an additional 67 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Simpson Manufacturing by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after buying an additional 72 shares during the period. Inspire Investing LLC raised its holdings in Simpson Manufacturing by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock valued at $466,000 after buying an additional 94 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Simpson Manufacturing by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after buying an additional 100 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Simpson Manufacturing by 6.1% in the 3rd quarter. Park Avenue Securities LLC now owns 2,010 shares of the construction company’s stock worth $384,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

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

Simpson Manufacturing Price Performance

SSD opened at $167.80 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a market capitalization of $7.08 billion, a PE ratio of 22.17 and a beta of 1.32. The stock’s 50 day moving average price is $182.17 and its 200-day moving average price is $180.20. Simpson Manufacturing Co., Inc. has a 52-week low of $157.42 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (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 company had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the previous year, the firm posted $2.43 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.67%. Simpson Manufacturing’s payout ratio is 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.