Diversified Trust Co Buys Shares of 3,563 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Diversified Trust Co purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,563 shares of the construction company's stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SSD. Commonwealth Equity Services LLC grew its position in Simpson Manufacturing by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company's stock valued at $697,000 after buying an additional 72 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Simpson Manufacturing by 0.8% during the 2nd quarter. Federated Hermes Inc. now owns 317,274 shares of the construction company's stock valued at $53,470,000 after purchasing an additional 2,392 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Simpson Manufacturing by 172.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,769 shares of the construction company's stock worth $972,000 after buying an additional 3,652 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Simpson Manufacturing by 44.4% in the second quarter. Envestnet Asset Management Inc. now owns 102,854 shares of the construction company's stock valued at $17,334,000 after buying an additional 31,616 shares during the period. Finally, Nia Impact Advisors LLC bought a new position in Simpson Manufacturing during the second quarter valued at about $15,010,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Trading Down 0.7 %

Simpson Manufacturing stock opened at $158.02 on Friday. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38. The firm's 50 day moving average price is $178.12 and its two-hundred day moving average price is $179.94. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 20.87 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same period last year, the firm earned $2.43 earnings per share. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a report on Monday, October 21st.

About Simpson Manufacturing

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.