Segall Bryant & Hamill LLC Acquires 26,117 Shares of Simpson Manufacturing Company, Inc. $SSD

Segall Bryant & Hamill LLC grew its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,451 shares of the construction company’s stock after buying an additional 26,117 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Simpson Manufacturing were worth $22,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC raised its position in Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after purchasing an additional 93 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Simpson Manufacturing by 2.5% in the 1st 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 during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Simpson Manufacturing during the 1st quarter valued at approximately $2,497,000. KLP Kapitalforvaltning AS raised its holdings in Simpson Manufacturing by 3.3% during the 1st quarter. KLP Kapitalforvaltning AS now owns 9,300 shares of the construction company’s stock valued at $1,461,000 after buying an additional 300 shares during the period. Finally, Cetera Investment Advisers lifted its position in Simpson Manufacturing by 17.0% in the first quarter. Cetera Investment Advisers now owns 5,047 shares of the construction company’s stock worth $793,000 after buying an additional 734 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SSD. Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. DA Davidson reaffirmed a “neutral” rating and set a $190.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Simpson Manufacturing has a consensus rating of “Hold” and an average target price of $201.00.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $162.52 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.80. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 19.79 and a beta of 1.27. The firm has a 50-day moving average of $172.10 and a two-hundred day moving average of $170.64. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.21. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The business had revenue of $623.51 million for the quarter, compared to analyst estimates of $607.79 million. During the same period last year, the company posted $2.21 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing’s payout ratio is 14.13%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares in the company, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.