KLP Kapitalforvaltning AS Purchases Shares of 9,000 Simpson Manufacturing Co., Inc. (NYSE:SSD)

KLP Kapitalforvaltning AS bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,000 shares of the construction company's stock, valued at approximately $1,492,000.

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

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Insider Activity at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the sale, the executive vice president now 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 document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SSD shares. Robert W. Baird lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. DA Davidson decreased their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

Simpson Manufacturing Trading Up 1.1 %

SSD traded up $1.80 during trading on Wednesday, hitting $158.68. The company's stock had a trading volume of 219,577 shares, compared to its average volume of 282,762. The firm has a market capitalization of $6.66 billion, a P/E ratio of 20.88 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $199.17. The stock's fifty day moving average price is $164.07 and its 200-day moving average price is $174.80. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) 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%. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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 paid a $0.28 dividend. 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%.

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.