ING Groep NV Buys New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

ING Groep NV purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the third quarter, HoldingsChannel.com reports. The firm purchased 20,000 shares of the construction company’s stock, valued at approximately $3,825,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSD. SkyView Investment Advisors LLC boosted its holdings in Simpson Manufacturing by 0.7% in the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock worth $1,544,000 after acquiring an additional 67 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Simpson Manufacturing by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock valued at $697,000 after purchasing an additional 72 shares during the period. Inspire Investing LLC lifted its position in shares of Simpson Manufacturing by 4.0% during the third quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after acquiring an additional 94 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Simpson Manufacturing by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock worth $7,473,000 after purchasing an additional 100 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Simpson Manufacturing by 3.0% in the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after acquiring an additional 109 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Robert W. Baird upped their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the transaction, the executive vice president now owns 8,438 shares in the company, valued at approximately $1,581,787.48. The trade was a 15.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 trade was a 36.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,871 shares of company stock valued at $1,658,259. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Stock Down 1.2 %

Shares of Simpson Manufacturing stock opened at $180.37 on Friday. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 23.83 and a beta of 1.32. The company’s 50 day moving average price is $185.76 and its 200-day moving average price is $178.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a 52-week low of $152.93 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same quarter last year, the company posted $2.43 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Simpson Manufacturing Profile

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.