Sepio Capital LP Raises Stake in Simpson Manufacturing Company, Inc. $SSD

Sepio Capital LP lifted its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 69.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,274 shares of the construction company's stock after purchasing an additional 1,343 shares during the quarter. Sepio Capital LP's holdings in Simpson Manufacturing were worth $514,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $28,000. Harbor Capital Advisors Inc. acquired a new position in shares of Simpson Manufacturing during the 1st quarter valued at $45,000. CWM LLC lifted its holdings in shares of Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after acquiring an additional 93 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Simpson Manufacturing by 1,070.0% during the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after acquiring an additional 321 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Simpson Manufacturing during the 1st quarter valued at $72,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson lifted their target price on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $188.50.

Insider Activity at Simpson Manufacturing

In other news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $178.27, for a total transaction of $445,675.00. Following the completion of the transaction, the executive vice president directly owned 7,794 shares in the company, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $196.13, for a total transaction of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares of the company's stock, valued at $1,531,775.30. The trade was a 11.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

Simpson Manufacturing Stock Up 1.5%

NYSE SSD opened at $195.82 on Monday. The stock has a market cap of $8.15 billion, a PE ratio of 24.98 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The business has a 50 day moving average price of $177.27 and a two-hundred day moving average price of $163.64. The company has a quick ratio of 1.80, a current ratio of 3.37 and a debt-to-equity ratio of 0.18.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.Simpson Manufacturing's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.31 EPS. As a group, sell-side analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

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