Posted by admin on Aug 8th, 2022

Texas Permanent School Fund trimmed its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,797 shares of the construction company’s stock after selling 659 shares during the period. Texas Permanent School Fund owned about 0.07% of Simpson Manufacturing worth $3,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SSD. Signaturefd LLC grew its holdings in Simpson Manufacturing by 115.3% during the 1st quarter. Signaturefd LLC now owns 239 shares of the construction company’s stock worth $26,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Simpson Manufacturing by 617.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 244 shares of the construction company’s stock worth $34,000 after acquiring an additional 210 shares during the period. Confluence Wealth Services Inc. acquired a new stake in Simpson Manufacturing during the 4th quarter worth about $39,000. Covestor Ltd acquired a new stake in Simpson Manufacturing during the 4th quarter worth about $71,000. Finally, MUFG Americas Holdings Corp grew its holdings in Simpson Manufacturing by 155.3% during the 4th quarter. MUFG Americas Holdings Corp now owns 526 shares of the construction company’s stock worth $73,000 after acquiring an additional 320 shares during the period. 91.44% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Karen Winifred Colonias sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $110.46, for a total value of $1,656,900.00. Following the transaction, the chief executive officer now owns 33,423 shares of the company’s stock, valued at approximately $3,691,904.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Karen Winifred Colonias sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $110.46, for a total value of $1,656,900.00. Following the transaction, the chief executive officer now owns 33,423 shares of the company’s stock, valued at approximately $3,691,904.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian J. Magstadt sold 2,500 shares of the firm’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $107.02, for a total transaction of $267,550.00. Following the completion of the transaction, the chief financial officer now directly owns 25,047 shares in the company, valued at approximately $2,680,529.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,600 shares of company stock valued at $2,243,425. 0.60% of the stock is owned by corporate insiders.

SSD stock opened at $100.64 on Monday. The stock has a market capitalization of $4.34 billion, a PE ratio of 13.16 and a beta of 1.15. The company’s 50-day moving average is $102.79 and its 200-day moving average is $108.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.33 and a quick ratio of 1.84. Simpson Manufacturing Co., Inc. has a 1 year low of $87.73 and a 1 year high of $141.26.

Simpson Manufacturing (NYSE:SSD – Get Rating) last released its quarterly earnings data on Monday, July 25th. The construction company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The company had revenue of $593.23 million for the quarter, compared to analysts’ expectations of $579.84 million. Simpson Manufacturing had a net margin of 17.44% and a return on equity of 27.51%. The business’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 7.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 6th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.04 annualized dividend and a yield of 1.03%. Simpson Manufacturing’s payout ratio is 13.59%.

A number of brokerages have weighed in on SSD. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird increased their price target on Simpson Manufacturing from $136.00 to $145.00 in a report on Tuesday, April 26th.

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

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