Apollon Wealth Management LLC Purchases Shares of 6,468 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Apollon Wealth Management LLC acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,468 shares of the construction company’s stock, valued at approximately $1,281,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Simpson Manufacturing by 309.3% in the third quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock worth $72,340,000 after buying an additional 364,910 shares during the period. FMR LLC boosted its position in Simpson Manufacturing by 48.6% during the 3rd quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock worth $157,473,000 after acquiring an additional 343,986 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Simpson Manufacturing by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock valued at $88,679,000 after acquiring an additional 140,401 shares in the last quarter. Comerica Bank increased its holdings in shares of Simpson Manufacturing by 669.6% in the 3rd quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock valued at $19,766,000 after purchasing an additional 114,795 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of Simpson Manufacturing by 1,190.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 34,840 shares of the construction company’s stock worth $5,219,000 after purchasing an additional 32,140 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now owns 4,044 shares in the company, valued at $854,861.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the sale, the executive vice president now owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold a total of 3,784 shares of company stock worth $770,924 in the last quarter. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $176.78 on Thursday. The firm has a 50 day simple moving average of $192.38 and a 200 day simple moving average of $181.64. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The firm has a market cap of $7.51 billion, a P/E ratio of 22.15 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million for 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be issued a $0.28 dividend. This is a positive change 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 0.63%. Simpson Manufacturing’s payout ratio is 13.53%.

Wall Street Analyst Weigh In

SSD has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research 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.

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.