Mutual of America Capital Management LLC Purchases 26,225 Shares of Simpson Manufacturing Company, Inc. $SSD

Mutual of America Capital Management LLC increased its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 120.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,925 shares of the construction company’s stock after purchasing an additional 26,225 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.11% of Simpson Manufacturing worth $7,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Simpson Manufacturing by 0.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,534,724 shares of the construction company’s stock worth $712,314,000 after buying an additional 40,461 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Simpson Manufacturing by 1.8% during the first quarter. JPMorgan Chase & Co. now owns 1,747,872 shares of the construction company’s stock valued at $274,556,000 after acquiring an additional 30,614 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Simpson Manufacturing by 6.8% in the first quarter. Burgundy Asset Management Ltd. now owns 673,535 shares of the construction company’s stock worth $105,799,000 after acquiring an additional 43,099 shares during the period. Ameriprise Financial Inc. boosted its holdings in Simpson Manufacturing by 8.0% in the first quarter. Ameriprise Financial Inc. now owns 627,696 shares of the construction company’s stock valued at $98,602,000 after acquiring an additional 46,290 shares in the last quarter. Finally, Northern Trust Corp increased its position in Simpson Manufacturing by 0.7% during the 1st quarter. Northern Trust Corp now owns 556,097 shares of the construction company’s stock valued at $87,352,000 after purchasing an additional 4,111 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $196.13, for a total transaction of $196,130.00. Following the completion of the sale, the executive vice president owned 7,810 shares of the company’s stock, valued at $1,531,775.30. This trade represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeremy Gilstrap sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the transaction, the executive vice president directly owned 7,794 shares in the company, valued at $1,389,436.38. This trade represents a 24.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, October 8th. DA Davidson raised their price objective on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $191.00.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $176.08 on Tuesday. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a quick ratio of 1.80, a current ratio of 3.37 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7.33 billion, a P/E ratio of 22.46 and a beta of 1.28. The business’s 50 day moving average price is $182.39 and its 200-day moving average price is $167.32.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The firm had revenue of $631.06 million for the quarter, compared to analysts’ expectations of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 earnings per share. Equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

About Simpson Manufacturing

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.