Hunter Perkins Capital Management LLC Increases Position in Simpson Manufacturing Company, Inc. $SSD

Hunter Perkins Capital Management LLC increased its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.9% during the 2nd quarter, Holdings Channel reports. The firm owned 7,553 shares of the construction company’s stock after acquiring an additional 213 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Simpson Manufacturing were worth $1,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SSD. Ameritas Advisory Services LLC purchased a new stake in Simpson Manufacturing in the 2nd quarter worth $31,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Simpson Manufacturing during the first quarter worth about $45,000. CWM LLC raised its stake in Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after purchasing an additional 93 shares during the period. Steph & Co. bought a new position in Simpson Manufacturing in the 2nd quarter worth approximately $53,000. Finally, Blue Trust Inc. boosted its stake in Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after purchasing an additional 321 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 1.0%

SSD stock opened at $170.89 on Monday. The firm has a fifty day moving average price of $184.50 and a 200 day moving average price of $166.22. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. 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 firm has a market cap of $7.11 billion, a PE ratio of 21.80 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. The company had revenue of $631.06 million for the quarter, compared to the consensus estimate of $601.80 million. During the same quarter in the prior year, the firm earned $2.31 earnings per share. Simpson Manufacturing’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Insider Activity

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the sale, the executive vice president directly owned 7,794 shares of the company’s stock, valued at $1,389,436.38. The trade was a 24.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares of the company’s stock, valued at $1,531,775.30. The trade was a 11.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SSD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Saturday, September 27th. DA Davidson lifted their price target on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $191.00.

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.