Oppenheimer Asset Management Inc. Makes New Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Oppenheimer Asset Management Inc. bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,061 shares of the construction company's stock, valued at approximately $336,000.

A number of other large investors have also added to or reduced their stakes in SSD. Signaturefd LLC grew its position in shares of Simpson Manufacturing by 276.4% during the 1st quarter. Signaturefd LLC now owns 271 shares of the construction company's stock valued at $30,000 after acquiring an additional 199 shares during the period. Quantbot Technologies LP purchased a new stake in Simpson Manufacturing in the 1st quarter worth $30,000. Quadrant Capital Group LLC lifted its stake in Simpson Manufacturing by 55.1% in the 4th quarter. Quadrant Capital Group LLC now owns 366 shares of the construction company's stock worth $32,000 after purchasing an additional 130 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Simpson Manufacturing in the 1st quarter worth $35,000. Finally, Harbor Investment Advisory LLC lifted its stake in Simpson Manufacturing by 48.8% in the 1st quarter. Harbor Investment Advisory LLC now owns 442 shares of the construction company's stock worth $48,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 89.45% of the company's stock.

SSD has been the topic of several recent research reports. Robert W. Baird upped their target price on shares of Simpson Manufacturing from $176.00 to $190.00 in a research report on Tuesday, July 25th. DA Davidson upped their price target on shares of Simpson Manufacturing from $135.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, July 25th. Finally, StockNews.com assumed coverage on shares of Simpson Manufacturing in a report on Thursday, August 17th. They set a "buy" rating on the stock.

Check Out Our Latest Stock Analysis on Simpson Manufacturing

In related news, VP Kevin Lee Swartzendruber sold 6,783 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $130.45, for a total transaction of $884,842.35. Following the completion of the sale, the vice president now owns 5,539 shares of the company's stock, valued at $722,562.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Roger Dankel sold 2,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $129.31, for a total transaction of $258,620.00. Following the completion of the sale, the executive vice president now owns 34,659 shares of the company's stock, valued at $4,481,755.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Lee Swartzendruber sold 6,783 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $130.45, for a total transaction of $884,842.35. Following the sale, the vice president now directly owns 5,539 shares of the company's stock, valued at approximately $722,562.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,958 shares of company stock worth $1,793,642. Corporate insiders own 0.65% of the company's stock.

Shares of SSD stock opened at $158.15 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.46 and a quick ratio of 2.14. The company has a market capitalization of $6.75 billion, a P/E ratio of 19.87 and a beta of 1.24. The company's 50-day simple moving average is $148.49 and its two-hundred day simple moving average is $127.27. Simpson Manufacturing Co., Inc. has a one year low of $75.25 and a one year high of $166.02.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, July 24th. The construction company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.37. Simpson Manufacturing had a net margin of 15.78% and a return on equity of 23.43%. The firm had revenue of $597.60 million for the quarter, compared to the consensus estimate of $553.23 million. During the same period last year, the firm earned $2.16 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.68%. Simpson Manufacturing's dividend payout ratio is presently 13.57%.

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Simpson Manufacturing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Simpson Manufacturing wasn't on the list.

While Simpson Manufacturing currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat's analysts have just released their top five short plays for September 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.