Callan Family Office LLC raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 250.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,219 shares of the construction company's stock after acquiring an additional 5,161 shares during the quarter. Callan Family Office LLC's holdings in Simpson Manufacturing were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of SSD. New York Life Investment Management LLC bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $738,000. Champlain Investment Partners LLC purchased a new stake in shares of Simpson Manufacturing in the third quarter worth $16,060,000. Diversified Trust Co bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $591,000. US Bancorp DE lifted its stake in shares of Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock valued at $806,000 after buying an additional 352 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock worth $93,171,000 after buying an additional 6,585 shares during the period. Institutional investors own 93.68% of the company's stock.
Analyst Ratings Changes
Separately, Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th.
Read Our Latest Report on Simpson Manufacturing
Insider Buying and Selling
In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.
Simpson Manufacturing Price Performance
SSD stock traded up $3.02 during mid-day trading on Friday, hitting $165.02. The company had a trading volume of 179,069 shares, compared to its average volume of 254,129. The company has a 50-day moving average price of $166.37 and a 200 day moving average price of $177.26. Simpson Manufacturing Co., Inc. has a 12-month low of $154.97 and a 12-month high of $218.38. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 21.71 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.68%. Simpson Manufacturing's payout ratio is presently 14.74%.
Simpson Manufacturing Profile
(
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.
Further Reading
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
