Mitsubishi UFJ Trust & Banking Corp Purchases 27,267 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 33.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,723 shares of the construction company's stock after buying an additional 27,267 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.26% of Simpson Manufacturing worth $17,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SSD. Park Place Capital Corp purchased a new stake in Simpson Manufacturing in the fourth quarter worth $29,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $30,000. UMB Bank n.a. boosted its stake in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Simpson Manufacturing during the third quarter valued at about $51,000. Finally, V Square Quantitative Management LLC raised its stake 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 buying an additional 95 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SSD. DA Davidson cut their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. 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 research report on Tuesday, February 11th.

Remove Ads

Simpson Manufacturing Stock Down 0.1 %

Shares of Simpson Manufacturing stock traded down $0.08 during trading on Tuesday, hitting $157.00. The company's stock had a trading volume of 228,029 shares, compared to its average volume of 282,865. Simpson Manufacturing Co., Inc. has a 52 week low of $152.74 and a 52 week high of $199.17. The company has a market capitalization of $6.59 billion, a PE ratio of 20.66 and a beta of 1.39. The company has a fifty day simple moving average of $164.24 and a two-hundred day simple moving average of $174.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its 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%. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.42% of the company's stock.

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.