Bayforest Capital Ltd Acquires Shares of 456 Simpson Manufacturing Company, Inc. $SSD

by · The Markets Daily

Bayforest Capital Ltd acquired a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 456 shares of the construction company’s stock, valued at approximately $72,000.

Several other institutional investors have also bought and sold shares of SSD. GAMMA Investing LLC lifted its position in Simpson Manufacturing by 41,328.2% during the first quarter. GAMMA Investing LLC now owns 183,941 shares of the construction company’s stock valued at $28,893,000 after purchasing an additional 183,497 shares during the last quarter. Nuveen LLC bought a new position in Simpson Manufacturing during the first quarter valued at $15,567,000. Voloridge Investment Management LLC bought a new position in Simpson Manufacturing during the fourth quarter valued at $11,940,000. Champlain Investment Partners LLC lifted its holdings in shares of Simpson Manufacturing by 20.2% in the 1st quarter. Champlain Investment Partners LLC now owns 403,994 shares of the construction company’s stock worth $63,459,000 after acquiring an additional 67,943 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Simpson Manufacturing by 20.3% in the 1st quarter. Raymond James Financial Inc. now owns 396,291 shares of the construction company’s stock worth $62,249,000 after acquiring an additional 66,774 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 2.6%

Shares of SSD opened at $188.84 on Friday. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The company has a 50-day moving average of $180.34 and a 200 day moving average of $164.50. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 24.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.37 and a quick ratio of 1.80.

Simpson Manufacturing (NYSE:SSD – Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. The company had revenue of $631.06 million during the quarter, compared to analyst estimates of $601.80 million. During the same quarter last year, the business posted $2.31 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their target price on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $188.50.

View Our Latest Report on Simpson Manufacturing

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total transaction of $196,130.00. Following the transaction, the executive vice president owned 7,810 shares of the company’s stock, valued at approximately $1,531,775.30. This trade represents a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Gilstrap sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $178.27, for a total transaction of $445,675.00. Following the transaction, the executive vice president directly owned 7,794 shares in the company, valued at $1,389,436.38. This trade represents a 24.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Profile

(Free Report)

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.

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