6,523 Shares in Simpson Manufacturing Company, Inc. (NYSE:SSD) Bought by Oak Thistle LLC

Oak Thistle LLC purchased a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,523 shares of the construction company's stock, valued at approximately $1,025,000.

Several other hedge funds have also bought and sold shares of the stock. KLP Kapitalforvaltning AS boosted its stake in shares of Simpson Manufacturing by 3.3% during the first quarter. KLP Kapitalforvaltning AS now owns 9,300 shares of the construction company's stock valued at $1,461,000 after purchasing an additional 300 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Simpson Manufacturing during the first quarter valued at approximately $2,497,000. Kestra Private Wealth Services LLC boosted 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 valued at $466,000 after purchasing an additional 71 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Simpson Manufacturing by 3.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 46,648 shares of the construction company's stock valued at $7,327,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in Simpson Manufacturing by 2.0% during the first quarter. Whittier Trust Co. now owns 85,358 shares of the construction company's stock valued at $13,408,000 after acquiring an additional 1,678 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD traded up $2.06 during midday trading on Friday, reaching $165.61. The company had a trading volume of 251,137 shares, compared to its average volume of 288,688. The business's 50-day simple moving average is $158.93 and its 200 day simple moving average is $159.55. The stock has a market cap of $6.93 billion, a P/E ratio of 21.56 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company has a current ratio of 3.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same period in the prior year, the firm earned $1.77 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.70%. Simpson Manufacturing's payout ratio is 15.10%.

Simpson Manufacturing 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.