D.B. Root & Company LLC Has $1.17 Million Stake in Simpson Manufacturing Company, Inc. $SSD

D.B. Root & Company LLC trimmed its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,505 shares of the construction company’s stock after selling 145 shares during the quarter. D.B. Root & Company LLC’s holdings in Simpson Manufacturing were worth $1,166,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Simpson Manufacturing during the second quarter worth $31,000. Harbor Capital Advisors Inc. acquired a new position in Simpson Manufacturing during the first quarter worth $45,000. CWM LLC increased its position in Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after buying an additional 93 shares during the last quarter. Steph & Co. acquired a new position in Simpson Manufacturing during the second quarter worth $53,000. Finally, Blue Trust Inc. increased its position in Simpson Manufacturing by 1,070.0% during the first quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after buying an additional 321 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $196.13, for a total transaction of $196,130.00. Following the sale, the executive vice president directly owned 7,810 shares of the company’s stock, valued at $1,531,775.30. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeremy Gilstrap sold 2,500 shares of Simpson Manufacturing stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the sale, the executive vice president directly owned 7,794 shares in the company, valued at approximately $1,389,436.38. This trade represents a 24.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SSD. DA Davidson increased their target price on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.00.

Simpson Manufacturing Trading Up 1.0%

Simpson Manufacturing stock opened at $170.89 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.80 and a current ratio of 3.37. The business’s 50-day simple moving average is $184.50 and its 200-day simple moving average is $166.22. The firm has a market capitalization of $7.11 billion, a PE ratio of 21.80 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The business had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) 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.