Mutual of America Capital Management LLC Grows Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Mutual of America Capital Management LLC boosted its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 120.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,925 shares of the construction company’s stock after purchasing an additional 26,225 shares during the period. Mutual of America Capital Management LLC’s holdings in Simpson Manufacturing were worth $7,443,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter valued at $31,000. 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 valued at $52,000 after acquiring an additional 93 shares during the last quarter. Steph & Co. bought a new position in Simpson Manufacturing in the second quarter valued at about $53,000. Blue Trust Inc. lifted its holdings in Simpson Manufacturing by 1,070.0% in the first quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock valued at $55,000 after acquiring an additional 321 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in Simpson Manufacturing in the first quarter worth about $72,000. Institutional investors own 93.68% of the company’s stock.

Insider Activity

In related news, 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 completion of the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Andersen sold 1,000 shares of the company’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 sale, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. This trade represents a 11.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SSD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, October 8th. DA Davidson increased their price target 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $191.00.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $176.08 on Tuesday. The stock has a market cap of $7.33 billion, a PE ratio of 22.46 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The firm has a fifty day moving average price of $182.39 and a 200-day moving average price of $167.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.37 and a quick ratio of 1.80.

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

Simpson Manufacturing Announces Dividend

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

About Simpson Manufacturing

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.