3,588 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,588 shares of the construction company's stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSD. FMR LLC increased its stake in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock worth $327,140,000 after purchasing an additional 333,390 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Simpson Manufacturing by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock worth $271,972,000 after buying an additional 24,253 shares in the last quarter. State Street Corp raised its holdings in shares of Simpson Manufacturing by 1.7% in the third quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock worth $240,392,000 after acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock valued at $135,390,000 after acquiring an additional 7,351 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock valued at $93,171,000 after acquiring an additional 6,585 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares of the company's stock, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 1.0 %

SSD stock traded down $1.62 during midday trading on Tuesday, hitting $157.70. The stock had a trading volume of 257,725 shares, compared to its average volume of 255,588. The company's 50-day moving average price is $166.85 and its 200 day moving average price is $177.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm has a market cap of $6.65 billion, a PE ratio of 20.75 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 12-month low of $154.97 and a 12-month high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is currently 14.74%.

Simpson Manufacturing Company 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.