Rise Advisors LLC Acquires Shares of 181 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Rise Advisors LLC bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 181 shares of the construction company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at approximately $37,000. GAMMA Investing LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth approximately $35,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Simpson Manufacturing in the fourth quarter worth $54,000. Finally, CWM LLC raised its holdings in Simpson Manufacturing by 50.2% in the first quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after acquiring an additional 108 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Roger Dankel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the transaction, the executive vice president now directly owns 26,764 shares in the company, valued at $4,687,179.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the sale, the executive vice president now directly owns 26,764 shares in the company, valued at $4,687,179.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on SSD shares. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Check Out Our Latest Stock Analysis on Simpson Manufacturing

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded up $1.60 during mid-day trading on Thursday, reaching $172.75. The company’s stock had a trading volume of 6,444 shares, compared to its average volume of 264,675. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 21.45 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $123.93 and a twelve month high of $218.38. The business has a 50 day moving average price of $172.64 and a 200-day moving average price of $185.83. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26.

Simpson Manufacturing (NYSE:SSDGet Free Report) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). The company had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. Sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be paid a $0.28 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.65%. Simpson Manufacturing’s dividend payout ratio is presently 13.53%.

About Simpson Manufacturing

(Free Report)

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.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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