Oppenheimer Asset Management Inc. Has $3.02 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Oppenheimer Asset Management Inc. raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 149.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,216 shares of the construction company's stock after purchasing an additional 10,916 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Simpson Manufacturing were worth $3,021,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. New York Life Investment Management LLC bought a new stake in Simpson Manufacturing in the 4th quarter valued at $738,000. Champlain Investment Partners LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth about $16,060,000. Diversified Trust Co bought a new position in shares of Simpson Manufacturing during the 4th quarter worth about $591,000. US Bancorp DE lifted its holdings in shares of Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock worth $806,000 after acquiring an additional 352 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock worth $1,134,000 after acquiring an additional 5,863 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Price Performance

SSD stock traded up $4.42 during trading on Wednesday, hitting $162.06. 269,037 shares of the stock traded hands, compared to its average volume of 256,151. Simpson Manufacturing Co., Inc. has a one year low of $154.97 and a one year high of $218.38. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 21.32 and a beta of 1.39. The company has a 50 day simple moving average of $166.53 and a 200 day simple moving average of $177.47. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

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

Simpson Manufacturing Announces Dividend

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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's payout ratio is presently 14.74%.

Analysts Set New Price Targets

Separately, Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.

Insider Buying and Selling 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 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 in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company's stock.

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.