Entropy Technologies LP Invests $361,000 in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Entropy Technologies LP bought a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,298 shares of the construction company's stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Kestra Private Wealth Services LLC increased its stake in shares of Simpson Manufacturing by 2.5% during the first quarter. Kestra Private Wealth Services LLC now owns 2,965 shares of the construction company's stock worth $466,000 after purchasing an additional 71 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Simpson Manufacturing by 1.4% during the first quarter. Apollon Wealth Management LLC now owns 5,404 shares of the construction company's stock worth $849,000 after purchasing an additional 74 shares in the last quarter. Xponance Inc. increased its stake in shares of Simpson Manufacturing by 1.5% during the first quarter. Xponance Inc. now owns 5,262 shares of the construction company's stock worth $827,000 after purchasing an additional 78 shares in the last quarter. CWM LLC increased its stake in shares of Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company's stock worth $52,000 after purchasing an additional 93 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Simpson Manufacturing by 1.0% during the first quarter. State of Michigan Retirement System now owns 10,127 shares of the construction company's stock worth $1,591,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

SSD opened at $191.42 on Friday. The firm has a market capitalization of $7.97 billion, a PE ratio of 24.42 and a beta of 1.26. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The firm's 50-day moving average price is $166.04 and its 200 day moving average price is $161.23. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.08. The firm had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. Simpson Manufacturing's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. As a group, sell-side analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing's payout ratio is presently 14.80%.

Wall Street Analyst Weigh In

Separately, DA Davidson boosted their price target on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $178.27, for a total value 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. The trade was a 24.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is owned by insiders.

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.

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