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Diversified Trust Co Takes $503,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Defense World · Sep 22, 2022 06:22

Diversified Trust Co bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,003 shares of the construction company's stock, valued at approximately $503,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its holdings in Simpson Manufacturing by 39.6% in the 1st quarter. MetLife Investment Management LLC now owns 50,466 shares of the construction company's stock worth $5,503,000 after buying an additional 14,306 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Simpson Manufacturing by 596.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,590 shares of the construction company's stock worth $360,000 after buying an additional 2,218 shares in the last quarter. Schroder Investment Management Group grew its holdings in Simpson Manufacturing by 17.2% in the 4th quarter. Schroder Investment Management Group now owns 196,456 shares of the construction company's stock worth $27,321,000 after buying an additional 28,883 shares in the last quarter. Signaturefd LLC grew its holdings in Simpson Manufacturing by 115.3% in the 1st quarter. Signaturefd LLC now owns 239 shares of the construction company's stock worth $26,000 after buying an additional 128 shares in the last quarter. Finally, Hancock Whitney Corp bought a new position in Simpson Manufacturing in the 1st quarter worth approximately $1,876,000. 89.52% of the stock is owned by institutional investors.

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Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $82.17 on Thursday. Simpson Manufacturing Co., Inc. has a one year low of $80.69 and a one year high of $141.26. The stock has a fifty day moving average of $98.00 and a 200-day moving average of $103.40. The company has a market capitalization of $3.55 billion, a PE ratio of 10.74 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 3.33.

Simpson Manufacturing (NYSE:SSD – Get Rating) last released its earnings results on Monday, July 25th. The construction company reported $2.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.15. The company had revenue of $593.23 million during the quarter, compared to analyst estimates of $579.84 million. Simpson Manufacturing had a return on equity of 27.51% and a net margin of 17.44%. The company's revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 earnings per share. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.35 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 6th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.27%. Simpson Manufacturing's payout ratio is currently 13.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Simpson Manufacturing from a "buy" rating to a "hold" rating in a research report on Wednesday.

Insider Activity

In other news, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the sale, the chief financial officer now owns 20,047 shares in the company, valued at $2,004,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Simpson Manufacturing news, insider Roger Dankel sold 600 shares of the stock in a transaction on Friday, July 8th. The shares were sold at an average price of $105.00, for a total transaction of $63,000.00. Following the transaction, the insider now directly owns 31,212 shares of the company's stock, valued at $3,277,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian J. Magstadt sold 2,500 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the transaction, the chief financial officer now directly owns 20,047 shares in the company, valued at $2,004,700. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock worth $568,975 over the last quarter. Corporate insiders own 0.60% of the company's stock.

Simpson Manufacturing Profile

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Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.