Putney Financial Group LLC Buys 267 Shares of Simpson Manufacturing Company, Inc. $SSD

Putney Financial Group LLC raised its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 238.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 379 shares of the construction company’s stock after buying an additional 267 shares during the period. Putney Financial Group LLC’s holdings in Simpson Manufacturing were worth $59,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Simpson Manufacturing by 163.7% during the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company’s stock valued at $184,000 after acquiring an additional 727 shares during the last quarter. Novem Group boosted its position in Simpson Manufacturing by 36.7% in the first quarter. Novem Group now owns 5,728 shares of the construction company’s stock worth $900,000 after purchasing an additional 1,539 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Simpson Manufacturing by 23.0% during the 1st quarter. Teacher Retirement System of Texas now owns 35,690 shares of the construction company’s stock valued at $5,606,000 after purchasing an additional 6,666 shares during the period. Principal Financial Group Inc. grew its stake in shares of Simpson Manufacturing by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company’s stock valued at $15,262,000 after purchasing an additional 380 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in shares of Simpson Manufacturing by 2.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,140 shares of the construction company’s stock valued at $1,593,000 after purchasing an additional 256 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Down 2.6%

Shares of SSD stock opened at $174.76 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.80 and a current ratio of 3.35. The stock has a fifty day simple moving average of $180.44 and a two-hundred day simple moving average of $168.94. The firm has a market capitalization of $7.27 billion, a PE ratio of 21.29 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.37 by $0.21. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The business had revenue of $623.51 million for the quarter, compared to the consensus estimate of $607.79 million. During the same period in the previous year, the business earned $2.21 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred 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 transaction, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. The trade was a 11.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SSD has been the subject of a number of research reports. DA Davidson reaffirmed a “neutral” rating and set a $190.00 target price on shares of Simpson Manufacturing in a report on Tuesday. 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. Finally, Weiss Ratings reaffirmed 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $201.00.

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.