New Age Alpha Advisors LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,314 shares of the construction company's stock, valued at approximately $1,545,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Simpson Manufacturing in the 4th quarter valued at approximately $73,758,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Simpson Manufacturing by 33.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 107,723 shares of the construction company's stock valued at $17,864,000 after buying an additional 27,267 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of Simpson Manufacturing by 148.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 119,157 shares of the construction company's stock valued at $19,760,000 after buying an additional 71,276 shares in the last quarter. Walnut Level Capital LLC acquired a new position in Simpson Manufacturing during the fourth quarter worth $1,244,000. Finally, Vanguard Group Inc. raised its position in Simpson Manufacturing by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock worth $697,294,000 after acquiring an additional 31,164 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Simpson Manufacturing
In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction on 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 directly owns 8,810 shares of the company's stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.42% of the company's stock.
Analysts Set New Price Targets
SSD has been the topic of several research analyst reports. DA Davidson decreased their target price on shares of 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 decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.
Check Out Our Latest Stock Analysis on Simpson Manufacturing
Simpson Manufacturing Price Performance
NYSE SSD traded up $2.23 during mid-day trading on Friday, hitting $147.36. The stock had a trading volume of 464,639 shares, compared to its average volume of 284,697. The company has a 50 day simple moving average of $163.27 and a 200 day simple moving average of $174.35. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 19.39 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 52-week low of $137.90 and a 52-week high of $197.82. 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 posted its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share 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%. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.
Simpson Manufacturing Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders 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 yield of 0.76%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is currently 14.74%.
Simpson Manufacturing Profile
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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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