Thrivent Financial for Lutherans Purchases 3,136 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Thrivent Financial for Lutherans lifted its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,494 shares of the construction company’s stock after buying an additional 3,136 shares during the period. Thrivent Financial for Lutherans’ holdings in Simpson Manufacturing were worth $46,573,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SSD. Natixis Advisors LLC increased its holdings in Simpson Manufacturing by 18.5% during the 3rd quarter. Natixis Advisors LLC now owns 19,860 shares of the construction company’s stock worth $3,799,000 after purchasing an additional 3,095 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in Simpson Manufacturing during the 3rd quarter worth about $2,053,000. OneDigital Investment Advisors LLC increased its holdings in Simpson Manufacturing by 5.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,689 shares of the construction company’s stock worth $1,662,000 after purchasing an additional 414 shares in the last quarter. ING Groep NV bought a new position in Simpson Manufacturing during the 3rd quarter worth about $3,825,000. Finally, Huntington National Bank increased its holdings in Simpson Manufacturing by 73.2% during the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total value 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 $3,660,866.94. This represents a 26.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Andersen sold 1,500 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the completion of the transaction, the executive vice president now directly owns 8,438 shares in the company, valued at approximately $1,581,787.48. This represents a 15.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,871 shares of company stock worth $1,658,259. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Trading Down 0.8 %

Simpson Manufacturing stock opened at $178.94 on Tuesday. The firm has a 50-day moving average of $185.92 and a 200-day moving average of $178.34. Simpson Manufacturing Co., Inc. has a one year low of $153.60 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 23.64 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS 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 business had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the prior year, the company earned $2.43 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 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.