Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 33.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,683 shares of the construction company's stock after purchasing an additional 1,937 shares during the quarter. HighTower Advisors LLC's holdings in Simpson Manufacturing were worth $1,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock valued at $74,000 after purchasing an additional 64 shares during the period. CIBC Asset Management Inc grew its holdings in Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after acquiring an additional 64 shares during the period. Pacer Advisors Inc. grew its holdings in Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after acquiring an additional 88 shares during the period. V Square Quantitative Management LLC raised its position in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after acquiring an additional 95 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

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Simpson Manufacturing Trading Down 0.9 %

Shares of NYSE:SSD traded down $1.42 during midday trading on Friday, reaching $157.48. The company had a trading volume of 663,844 shares, compared to its average volume of 282,763. The company has a fifty day simple moving average of $164.76 and a two-hundred day simple moving average 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. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 20.72 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 1-year low of $152.74 and a 1-year high of $205.88.

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

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued 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 payout ratio is currently 14.74%.

Analysts Set New Price Targets

A number of analysts recently commented on SSD shares. DA Davidson dropped their target price on shares of 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 decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by insiders.

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.