Financial Advocates Investment Management acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,419 shares of the construction company's stock, valued at approximately $401,000.
Other institutional investors have also bought and sold shares of the company. Park Place Capital Corp purchased a new position in Simpson Manufacturing in the fourth quarter valued at approximately $29,000. World Investment Advisors LLC purchased a new position in Simpson Manufacturing in the third quarter valued at approximately $30,000. R Squared Ltd purchased a new position in Simpson Manufacturing in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in Simpson Manufacturing in the third quarter valued at approximately $34,000. Finally, UMB Bank n.a. lifted its stake in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.
Simpson Manufacturing Stock Performance
SSD stock traded down $4.57 during midday trading on Wednesday, reaching $164.76. 258,028 shares of the company's stock traded hands, compared to its average volume of 260,351. The firm has a market capitalization of $6.95 billion, a PE ratio of 21.76 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. The company has a 50-day moving average price of $169.93 and a two-hundred day moving average price of $178.73. 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 (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.
Simpson Manufacturing Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. Simpson Manufacturing's dividend payout ratio is presently 14.80%.
Insider Activity at Simpson Manufacturing
In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares of the company's stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, Robert W. Baird lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday.
View Our Latest Research Report on Simpson Manufacturing
Simpson Manufacturing Profile
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Free Report)
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.
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