GSA Capital Partners LLP purchased a new stake in shares of Simpson Manufacturing Co. (NYSE:SSD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,499 shares of the company’s stock, valued at approximately $260,000.
Other large investors have also bought and sold shares of the company. BlackRock Group LTD raised its stake in Simpson Manufacturing by 7.0% in the first quarter. BlackRock Group LTD now owns 56,616 shares of the company’s stock valued at $2,161,000 after buying an additional 3,684 shares in the last quarter. Prudential Financial Inc. raised its stake in Simpson Manufacturing by 6.8% in the first quarter. Prudential Financial Inc. now owns 101,896 shares of the company’s stock valued at $3,889,000 after buying an additional 6,450 shares in the last quarter. EP Wealth Advisors Inc. acquired a new stake in Simpson Manufacturing during the first quarter valued at approximately $13,645,000. Mariner Wealth Advisors LLC acquired a new stake in Simpson Manufacturing during the first quarter valued at approximately $203,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Simpson Manufacturing by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,013,197 shares of the company’s stock valued at $38,674,000 after buying an additional 13,843 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.
Shares of Simpson Manufacturing Co. (NYSE:SSD) traded down 0.726% on Thursday, hitting $44.415. 61,753 shares of the stock were exchanged. The stock has a market cap of $2.15 billion, a PE ratio of 27.417 and a beta of 1.49. Simpson Manufacturing Co. has a 52-week low of $30.25 and a 52-week high of $45.50. The company’s 50 day moving average is $43.82 and its 200-day moving average is $40.13.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The firm earned $230 million during the quarter, compared to analyst estimates of $227.12 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Simpson Manufacturing’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts predict that Simpson Manufacturing Co. will post $1.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Saturday, October 8th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio is currently 44.44%.
SSD has been the subject of several recent research reports. Sidoti initiated coverage on shares of Simpson Manufacturing in a report on Friday, September 9th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In related news, COO Ricardo M. Arevalo sold 3,437 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $44.40, for a total value of $152,602.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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