AXQ Capital LP Purchases 1,947 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

AXQ Capital LP grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 125.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,501 shares of the construction company's stock after buying an additional 1,947 shares during the quarter. AXQ Capital LP's holdings in Simpson Manufacturing were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its position in Simpson Manufacturing by 57.0% in the 4th quarter. Sei Investments Co. now owns 135,623 shares of the construction company's stock valued at $22,490,000 after acquiring an additional 49,257 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Simpson Manufacturing by 11.4% during the fourth quarter. Quantbot Technologies LP now owns 12,164 shares of the construction company's stock valued at $2,017,000 after buying an additional 1,243 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Simpson Manufacturing by 4.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 45,020 shares of the construction company's stock worth $7,466,000 after buying an additional 2,065 shares in the last quarter. Whittier Trust Co. raised its position in Simpson Manufacturing by 3.5% in the 4th quarter. Whittier Trust Co. now owns 83,680 shares of the construction company's stock worth $13,876,000 after buying an additional 2,819 shares during the last quarter. Finally, Xponance Inc. lifted its stake in Simpson Manufacturing by 4.9% during the 4th quarter. Xponance Inc. now owns 5,184 shares of the construction company's stock valued at $860,000 after acquiring an additional 240 shares during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

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Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated 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 $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SSD shares. DA Davidson decreased their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird lowered their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD traded down $0.09 during midday trading on Thursday, hitting $158.93. 133,999 shares of the company's stock traded hands, compared to its average volume of 268,057. The firm has a fifty day moving average of $165.15 and a 200 day moving average of $175.38. Simpson Manufacturing Co., Inc. has a 1 year low of $152.74 and a 1 year high of $206.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 20.91 and a beta of 1.39.

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

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.70%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 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.