Charles Schwab Investment Management Inc. Increases Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 490,585 shares of the construction company's stock after purchasing an additional 3,467 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.16% of Simpson Manufacturing worth $81,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC bought a new position in Simpson Manufacturing in the 4th quarter valued at approximately $738,000. Champlain Investment Partners LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter worth about $16,060,000. Diversified Trust Co acquired a new position in Simpson Manufacturing in the fourth quarter valued at approximately $591,000. Geode Capital Management LLC boosted its stake in Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock worth $135,390,000 after acquiring an additional 7,351 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Simpson Manufacturing by 29.3% during the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after purchasing an additional 8,170 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Remove Ads

Simpson Manufacturing Trading Up 2.4 %

SSD traded up $3.70 during midday trading on Friday, reaching $158.09. 269,299 shares of the company's stock traded hands, compared to its average volume of 268,209. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.80 and a beta of 1.39. The firm has a fifty day moving average of $166.02 and a two-hundred day moving average of $176.81. Simpson Manufacturing Co., Inc. has a 52 week low of $153.87 and a 52 week high of $208.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share 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 analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given 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 dividend yield of 0.71%. Simpson Manufacturing's dividend payout ratio is currently 14.74%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company's stock.

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.