Thrivent Financial for Lutherans Purchases 3,136 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Thrivent Financial for Lutherans grew its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,494 shares of the construction company’s stock after acquiring an additional 3,136 shares during the period. Thrivent Financial for Lutherans owned 0.58% of Simpson Manufacturing worth $46,573,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing in the first quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Simpson Manufacturing in the third quarter valued at approximately $34,000. Huntington National Bank raised its position in Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after buying an additional 184 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Simpson Manufacturing during the 2nd quarter worth $77,000. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 0.8 %

NYSE:SSD opened at $178.94 on Tuesday. The stock’s fifty day moving average price is $185.92 and its two-hundred day moving average price is $178.34. Simpson Manufacturing Co., Inc. has a 52-week low of $153.60 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 company has a market cap of $7.54 billion, a price-to-earnings ratio of 23.64 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued 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 net margin of 14.51% and a return on equity of 18.29%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the sale, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. The trade was a 15.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The trade was a 26.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,871 shares of company stock worth $1,658,259. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.