Orion Portfolio Solutions LLC Has $1.42 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Orion Portfolio Solutions LLC raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 33.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,440 shares of the construction company’s stock after purchasing an additional 1,844 shares during the period. Orion Portfolio Solutions LLC’s holdings in Simpson Manufacturing were worth $1,423,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SSD. FMR LLC boosted its holdings in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after buying an additional 333,390 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of Simpson Manufacturing during the second quarter worth approximately $35,884,000. The Manufacturers Life Insurance Company grew its position in shares of Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after purchasing an additional 173,097 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after purchasing an additional 127,345 shares during the period. Finally, Nia Impact Advisors LLC acquired a new stake in Simpson Manufacturing during the 2nd quarter worth approximately $15,010,000. 93.68% of the stock is owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $184.37 on Friday. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm’s 50-day simple moving average is $185.39 and its 200 day simple moving average is $179.69. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 24.36 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 earnings per share. As a group, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. Simpson Manufacturing’s payout ratio is 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

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.