Farther Finance Advisors LLC Lowers Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Farther Finance Advisors LLC decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 74.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 700 shares of the construction company's stock after selling 2,046 shares during the quarter. Farther Finance Advisors LLC's holdings in Simpson Manufacturing were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. HighTower Advisors LLC grew its holdings in Simpson Manufacturing by 33.7% during the 4th quarter. HighTower Advisors LLC now owns 7,683 shares of the construction company's stock worth $1,274,000 after acquiring an additional 1,937 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Simpson Manufacturing during the 4th quarter worth about $15,603,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Simpson Manufacturing by 12.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,790 shares of the construction company's stock worth $1,789,000 after buying an additional 1,175 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Simpson Manufacturing by 24.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,643 shares of the construction company's stock valued at $272,000 after buying an additional 318 shares during the last quarter. Finally, Callan Family Office LLC increased its stake in shares of Simpson Manufacturing by 250.8% in the fourth quarter. Callan Family Office LLC now owns 7,219 shares of the construction company's stock valued at $1,197,000 after buying an additional 5,161 shares during the period. Institutional investors own 93.68% of the company's stock.

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Simpson Manufacturing Stock Up 0.4 %

NYSE SSD traded up $0.66 on Tuesday, hitting $160.40. 201,624 shares of the company were exchanged, compared to its average volume of 268,404. Simpson Manufacturing Co., Inc. has a 12 month low of $152.74 and a 12 month high of $206.48. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.76 billion, a PE ratio of 21.11 and a beta of 1.39. The stock has a fifty day moving average of $165.37 and a 200-day moving average of $175.57.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 EPS 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%. As a group, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.

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.