Sepio Capital LP Acquires New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)


Sepio Capital LP Acquires New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sepio Capital LP acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,154 shares of the construction company's stock, valued at approximately $532,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in shares of Simpson Manufacturing during the 1st quarter worth $29,000. Rise Advisors LLC bought a new position in Simpson Manufacturing in the first quarter valued at about $37,000. Benjamin F. Edwards & Company Inc. raised its stake in Simpson Manufacturing by 550.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company's stock worth $45,000 after acquiring an additional 187 shares in the last quarter. CWM LLC lifted its holdings in shares of Simpson Manufacturing by 50.2% in the first quarter. CWM LLC now owns 323 shares of the construction company's stock worth $66,000 after acquiring an additional 108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $77,000. 93.68% of the stock is currently owned by institutional investors.

In other news, Director James S. Andrasick sold 500 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the transaction, the director now owns 866 shares of the company's stock, valued at $154,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares of the company's stock, valued at approximately $3,660,866.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares of the company's stock, valued at approximately $154,797.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is currently owned by corporate insiders.

SSD stock opened at $191.18 on Friday. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 23.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The company has a 50 day simple moving average of $181.09 and a 200 day simple moving average of $179.26. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same quarter last year, the company posted $2.50 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.59%. Simpson Manufacturing's dividend payout ratio is presently 14.04%.

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.

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