Raymond James Trust N.A. Buys 742 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Raymond James Trust N.A. boosted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,950 shares of the construction company’s stock after purchasing an additional 742 shares during the period. Raymond James Trust N.A.’s holdings in Simpson Manufacturing were worth $947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Conestoga Capital Advisors LLC increased its position in Simpson Manufacturing by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock valued at $271,972,000 after acquiring an additional 24,253 shares during the period. Dimensional Fund Advisors LP increased its position in Simpson Manufacturing by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after acquiring an additional 39,803 shares during the period. Burgundy Asset Management Ltd. increased its position in 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 acquiring an additional 8,535 shares during the period. Charles Schwab Investment Management Inc. increased its position in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in 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 acquiring an additional 4,195 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. The trade was a 36.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $184.77 on Monday. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. The firm has a fifty day simple moving average of $186.37 and a 200 day simple moving average of $178.36. The company has a market capitalization of $7.79 billion, a PE ratio of 24.41 and a beta of 1.32. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

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

Simpson Manufacturing Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research 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.