Simpson Manufacturing Company, Inc. $SSD Shares Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Simpson Manufacturing stake by 174% in the third quarter, bringing its holdings to 19,811 shares valued at approximately $3.385 million. Institutional investors collectively own 93.68% of SSD.
• Simpson Manufacturing reported quarterly EPS of $3.09, exceeding the $2.72 analyst consensus, while revenue rose 6.3% year over year to $671.08 million.
• Analyst sentiment remains mixed, with an average rating of “Hold” and a consensus price target of $216.25. The company also declared a quarterly dividend of $0.30 per share, equivalent to a 0.7% annual yield.

Crossmark Global Holdings Inc. raised its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 174.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,811 shares of the construction company's stock after buying an additional 12,581 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Simpson Manufacturing were worth $3,385,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of Simpson Manufacturing by 144.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,508 shares of the construction company's stock valued at $258,000 after buying an additional 891 shares during the period. IFP Advisors Inc lifted its stake in shares of Simpson Manufacturing by 23.2% in the 3rd quarter. IFP Advisors Inc now owns 1,021 shares of the construction company's stock valued at $174,000 after purchasing an additional 192 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in Simpson Manufacturing in the third quarter valued at about $473,000. Krilogy Financial LLC lifted its position in Simpson Manufacturing by 10.7% in the third quarter. Krilogy Financial LLC now owns 1,426 shares of the construction company's stock valued at $243,000 after buying an additional 138 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its stake in Simpson Manufacturing by 0.9% during the third quarter. Mirador Capital Partners LP now owns 7,466 shares of the construction company's stock worth $1,276,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Transactions at Simpson Manufacturing

In related news, CEO Michael Olosky sold 3,502 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $172.84, for a total transaction of $605,285.68. Following the completion of the transaction, the chief executive officer directly owned 51,398 shares of the company's stock, valued at $8,883,630.32. The trade was a 6.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company's stock.

Analyst Ratings Changes

SSD has been the topic of a number of research analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Simpson Manufacturing in a research note on Thursday. Stephens lifted their target price on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the company a "cautious" rating in a report on Tuesday, July 28th. UBS Group restated a "neutral" rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus lifted their price objective on Simpson Manufacturing from $217.00 to $218.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Simpson Manufacturing presently has an average rating of "Hold" and a consensus target price of $216.25.

Simpson Manufacturing Trading Down 1.3%

Shares of SSD stock opened at $184.41 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29. The stock has a market capitalization of $7.59 billion, a P/E ratio of 20.15 and a beta of 1.32. The company has a 50 day moving average price of $177.93 and a 200 day moving average price of $185.47. Simpson Manufacturing Company, Inc. has a fifty-two week low of $156.32 and a fifty-two week high of $213.49.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The company had revenue of $671.08 million for the quarter, compared to analyst estimates of $658.76 million. During the same period in the prior year, the business earned $2.47 EPS. The firm's quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Simpson Manufacturing Company, Inc. will post 9.28 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 28th. Investors of record on Thursday, January 7th will be issued a $0.30 dividend. The ex-dividend date is Thursday, January 7th. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing's dividend payout ratio (DPR) is 13.11%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.