Campbell & CO Investment Adviser LLC Buys 10,990 Shares of Simpson Manufacturing Company, Inc. $SSD

Campbell & CO Investment Adviser LLC raised its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 340.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,221 shares of the construction company’s stock after buying an additional 10,990 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Simpson Manufacturing were worth $2,381,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after buying an additional 92 shares during the period. Ameritas Advisory Services LLC acquired a new position in Simpson Manufacturing in the second quarter valued at about $31,000. Steph & Co. bought a new stake in shares of Simpson Manufacturing in the second quarter worth about $53,000. Putney Financial Group LLC raised its position in shares of Simpson Manufacturing by 238.4% during the second quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock worth $59,000 after purchasing an additional 267 shares during the period. Finally, Sprucegrove Investment Management Ltd. bought a new position in shares of Simpson Manufacturing during the 2nd quarter valued at about $62,000. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, Director Philip E. Donaldson sold 2,375 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $168.16, for a total value of $399,380.00. Following the sale, the director directly owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. This represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on SSD shares. DA Davidson restated a “neutral” rating and set a $190.00 target price on shares of Simpson Manufacturing in a report on Tuesday, October 28th. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Simpson Manufacturing presently has a consensus rating of “Hold” and a consensus price target of $201.00.

Simpson Manufacturing Trading Up 0.2%

Shares of NYSE:SSD opened at $188.10 on Friday. The stock has a market capitalization of $7.80 billion, a PE ratio of 22.91 and a beta of 1.37. The company’s 50-day moving average price is $168.43 and its two-hundred day moving average price is $174.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.88. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.21. The business had revenue of $623.51 million for the quarter, compared to analyst estimates of $607.79 million. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.Simpson Manufacturing’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. On average, equities analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be paid a $0.29 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.13%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.