Emerald Acquisition Ltd. purchased a new position in Simpson Manufacturing Co. (NYSE:SSD) during the second quarter, Holdings Channel reports. The institutional investor purchased 13,322 shares of the company’s stock, valued at approximately $532,000.
A number of other institutional investors also recently bought and sold shares of SSD. BlackRock Inc. increased its position in Simpson Manufacturing by 135.5% in the first quarter. BlackRock Inc. now owns 3,073 shares of the company’s stock worth $117,000 after buying an additional 1,768 shares in the last quarter. Mariner Wealth Advisors LLC bought a new position in Simpson Manufacturing during the first quarter worth $203,000. Kennedy Capital Management Inc. bought a new position in Simpson Manufacturing during the first quarter worth $230,000. BB&T Corp bought a new position in Simpson Manufacturing during the second quarter worth $286,000. Finally, Commonwealth Equity Services Inc increased its position in Simpson Manufacturing by 1.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,189 shares of the company’s stock worth $313,000 after buying an additional 100 shares in the last quarter. 81.59% of the stock is currently owned by institutional investors.
Shares of Simpson Manufacturing Co. (NYSE:SSD) traded down 0.89% during trading on Tuesday, hitting $43.64. 22,374 shares of the stock were exchanged. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 26.94 and a beta of 1.47. The stock’s 50 day moving average is $44.41 and its 200-day moving average is $40.81. Simpson Manufacturing Co. has a 12-month low of $30.25 and a 12-month high of $45.50.
Simpson Manufacturing (NYSE:SSD) last released its earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The business had revenue of $230 million for the quarter, compared to the consensus estimate of $227.12 million. During the same period in the previous year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Simpson Manufacturing Co. will post $1.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Saturday, October 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.64%. Simpson Manufacturing’s payout ratio is currently 44.44%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Sidoti assumed coverage on shares of Simpson Manufacturing in a research note on Friday, September 9th. They set a “neutral” rating on the stock.
In related news, COO Ricardo M. Arevalo sold 3,437 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $44.40, for a total value of $152,602.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Simpson Manufacturing Company 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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.