Vaughan Nelson Investment Management L.P. raised its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 21.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 486,525 shares of the construction company’s stock after purchasing an additional 85,675 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.03% of Simpson Manufacturing worth $23,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. First Trust Advisors LP lifted its position in Simpson Manufacturing by 5.2% during the third quarter. First Trust Advisors LP now owns 28,778 shares of the construction company’s stock valued at $1,411,000 after purchasing an additional 1,422 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in Simpson Manufacturing during the third quarter valued at approximately $2,006,000. BW Gestao de Investimentos Ltda. lifted its position in Simpson Manufacturing by 66.8% during the second quarter. BW Gestao de Investimentos Ltda. now owns 9,856 shares of the construction company’s stock valued at $431,000 after purchasing an additional 3,947 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Simpson Manufacturing during the second quarter valued at approximately $383,000. Finally, Dean Capital Management bought a new stake in Simpson Manufacturing during the second quarter valued at approximately $3,140,000. Institutional investors and hedge funds own 84.09% of the company’s stock.
Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 49.35 on Monday. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $50.18. The stock has a 50 day moving average of $48.54 and a 200-day moving average of $44.20. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 24.07 and a beta of 1.40.
Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. During the same period last year, the firm posted $0.54 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Robert W. Baird reiterated a “hold” rating and set a $46.00 target price on shares of Simpson Manufacturing in a research report on Friday, October 20th. BidaskClub lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd.
In related news, major shareholder Sharon H. Simpson sold 72,424 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $200,724.00, for a total value of $14,537,234,976.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Psb Fund Simpson sold 96,629 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $49.59, for a total transaction of $4,791,832.11. Following the completion of the transaction, the insider now directly owns 942,245 shares of the company’s stock, valued at $46,725,929.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 885,997 shares of company stock valued at $14,577,432,171. 0.36% of the stock is currently owned by insiders.
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Simpson Manufacturing Profile
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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