Sepio Capital LP Boosts Position in Simpson Manufacturing Company, Inc. $SSD

Sepio Capital LP boosted its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 69.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,274 shares of the construction company's stock after purchasing an additional 1,343 shares during the period. Sepio Capital LP's holdings in Simpson Manufacturing were worth $514,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in Simpson Manufacturing by 5,137.3% in the 4th quarter. Quantinno Capital Management LP now owns 270,349 shares of the construction company's stock worth $44,832,000 after buying an additional 265,187 shares during the period. GAMMA Investing LLC increased its holdings in Simpson Manufacturing by 41,328.2% in the 1st quarter. GAMMA Investing LLC now owns 183,941 shares of the construction company's stock worth $28,893,000 after buying an additional 183,497 shares during the period. Nuveen LLC acquired a new position in Simpson Manufacturing in the 1st quarter worth approximately $15,567,000. Voloridge Investment Management LLC acquired a new position in Simpson Manufacturing in the 4th quarter worth approximately $11,940,000. Finally, Champlain Investment Partners LLC increased its holdings in 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 buying an additional 67,943 shares during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD traded down $5.04 during midday trading on Friday, reaching $188.84. 185,550 shares of the stock were exchanged, compared to its average volume of 230,704. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 24.09 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The firm has a 50-day simple moving average of $180.34 and a two-hundred day simple moving average of $164.47. 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 issued its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, topping 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 business had revenue of $631.06 million for the quarter, compared to analysts' expectations of $601.80 million. During the same quarter last year, the company earned $2.31 EPS. The business's revenue was up 5.7% on a year-over-year basis. As a group, analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be paid a $0.29 dividend. 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 currently 14.80%.

Analysts Set New Price Targets

Separately, DA Davidson increased their price target 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $188.50.

Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeremy Gilstrap sold 2,500 shares of Simpson Manufacturing stock in a transaction on Friday, August 1st. The shares were sold at an average price of $178.27, for a total transaction of $445,675.00. Following the completion of the sale, the executive vice president directly owned 7,794 shares in the company, valued at $1,389,436.38. This represents a 24.29% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company 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.