Inceptionr LLC bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,045 shares of the construction company's stock, valued at approximately $505,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Simpson Manufacturing by 16.8% during the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock valued at $74,000 after acquiring an additional 64 shares during the period. CIBC Asset Management Inc increased its position in shares of Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. raised its stake in shares of Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after buying an additional 88 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after buying an additional 95 shares during the period. Finally, UMB Bank n.a. boosted its stake in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after buying an additional 97 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.
Simpson Manufacturing Stock Down 1.2 %
SSD traded down $1.86 during trading on Wednesday, reaching $157.09. 140,794 shares of the stock traded hands, compared to its average volume of 248,206. 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 Co., Inc. has a fifty-two week low of $154.97 and a fifty-two week high of $208.12. The stock's 50-day simple moving average is $166.19 and its two-hundred day simple moving average is $176.95. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 20.67 and a beta of 1.39.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates 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 year.
Simpson Manufacturing Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. Simpson Manufacturing's dividend payout ratio is presently 14.74%.
Insider Activity at Simpson Manufacturing
In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated 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. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SSD. DA Davidson reduced their price objective 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. Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.
Read Our Latest Stock Report on Simpson Manufacturing
About Simpson Manufacturing
(
Free Report)
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.
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