Morgan Dempsey Capital Management LLC Buys New Position in Simpson Manufacturing Company, Inc. (SSD)

Morgan Dempsey Capital Management LLC bought a new stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,943 shares of the construction company’s stock, valued at approximately $1,440,000. Morgan Dempsey Capital Management LLC owned approximately 0.07% of Simpson Manufacturing as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in Simpson Manufacturing by 155,956.1% in the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock valued at $224,596,000 after buying an additional 5,208,933 shares during the period. Vanguard Group Inc. raised its position in Simpson Manufacturing by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,561,119 shares of the construction company’s stock valued at $153,448,000 after buying an additional 123,129 shares during the period. Dimensional Fund Advisors LP raised its position in Simpson Manufacturing by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,634 shares of the construction company’s stock valued at $75,133,000 after buying an additional 64,148 shares during the period. Wells Fargo & Company MN raised its position in Simpson Manufacturing by 46.1% in the first quarter. Wells Fargo & Company MN now owns 1,470,632 shares of the construction company’s stock valued at $63,369,000 after buying an additional 464,356 shares during the period. Finally, Conestoga Capital Advisors LLC raised its position in Simpson Manufacturing by 5.9% in the second quarter. Conestoga Capital Advisors LLC now owns 1,064,560 shares of the construction company’s stock valued at $46,532,000 after buying an additional 59,400 shares during the period. 84.90% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Company, Inc. (SSD) traded down 0.97% during trading on Friday, reaching $42.04. The company’s stock had a trading volume of 196,073 shares. The company has a 50-day moving average of $43.72 and a 200 day moving average of $42.70. The firm has a market cap of $1.99 billion, a PE ratio of 20.51 and a beta of 1.41. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $48.41.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm had revenue of $263 million for the quarter, compared to the consensus estimate of $259.05 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by BNB Daily and is owned by of BNB Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.baseball-news-blog.com/2017/08/19/morgan-dempsey-capital-management-llc-purchases-shares-of-32943-simpson-manufacturing-company-inc-ssd-updated.html.

Several analysts have recently commented on the company. BidaskClub downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 60,061 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $43.46, for a total transaction of $2,610,251.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Psb Fund Simpson sold 33,581 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $43.62, for a total transaction of $1,464,803.22. Following the transaction, the insider now owns 1,399,180 shares of the company’s stock, valued at $61,032,231.60. The disclosure for this sale can be found here. Insiders have sold 350,999 shares of company stock worth $15,341,008 over the last three months. 0.36% of the stock is currently owned by insiders.

About Simpson Manufacturing

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, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

Receive News & Ratings for Simpson Manufacturing Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply