Corient Private Wealth LLC Grows Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Corient Private Wealth LLC increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 64.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,052 shares of the construction company's stock after purchasing an additional 1,973 shares during the period. Corient Private Wealth LLC's holdings in Simpson Manufacturing were worth $838,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SSD. Park Place Capital Corp purchased a new stake in shares of Simpson Manufacturing during the fourth quarter valued at $29,000. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing in the third quarter valued at about $30,000. R Squared Ltd bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at approximately $30,000. UMB Bank n.a. raised 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 worth $34,000 after buying an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after buying an additional 95 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SSD has been the subject of several recent research reports. Robert W. Baird reduced their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. DA Davidson cut their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th.

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Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now directly 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 filing with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Down 0.9 %

SSD stock traded down $1.42 on Friday, hitting $157.48. 663,844 shares of the company's stock were exchanged, compared to its average volume of 282,763. The firm has a 50 day moving average price of $164.76 and a two-hundred day moving average price of $175.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 12-month low of $152.74 and a 12-month high of $205.88. The stock has a market cap of $6.61 billion, a P/E ratio of 20.72 and a beta of 1.39.

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 (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal 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 0.71%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.

Simpson Manufacturing 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.