20,000 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by ING Groep NV

ING Groep NV acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 20,000 shares of the construction company’s stock, valued at approximately $3,825,000.

A number of other hedge funds also recently modified their holdings of SSD. Vanguard Group Inc. grew its stake in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after buying an additional 278,283 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in Simpson Manufacturing by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock valued at $271,972,000 after purchasing an additional 24,253 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Simpson Manufacturing by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock worth $159,343,000 after purchasing an additional 39,803 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Simpson Manufacturing by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock valued at $101,928,000 after purchasing an additional 8,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Simpson Manufacturing by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock valued at $77,623,000 after purchasing an additional 4,195 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the firm’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 completion of the transaction, the chief executive officer now owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This trade represents a 26.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. This represents a 36.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,871 shares of company stock worth $1,658,259 in the last quarter. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Simpson Manufacturing Price Performance

SSD stock opened at $180.37 on Friday. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 23.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company has a 50 day simple moving average of $185.76 and a 200 day simple moving average of $178.28. Simpson Manufacturing Co., Inc. has a 1 year low of $152.93 and a 1 year high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 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.