Outlook Wealth Advisors LLC Buys New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Outlook Wealth Advisors LLC purchased a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,182 shares of the construction company's stock, valued at approximately $362,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position 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 purchasing an additional 64 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Simpson Manufacturing by 0.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company's stock valued at $1,544,000 after buying an additional 67 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Simpson Manufacturing by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company's stock worth $697,000 after buying an additional 72 shares during the period. Inspire Investing LLC increased its stake in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company's stock worth $466,000 after acquiring an additional 94 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Simpson Manufacturing by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company's stock valued at $7,473,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Up 1.1 %

Shares of SSD stock traded up $1.89 during mid-day trading on Friday, hitting $168.89. The company's stock had a trading volume of 154,181 shares, compared to its average volume of 223,705. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a 52-week low of $155.73 and a 52-week high of $218.38. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 22.31 and a beta of 1.35. The business has a 50-day moving average price of $176.23 and a 200 day moving average price of $179.70.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million during the quarter, compared to analysts' expectations of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.43 earnings per share. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is 14.80%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Separately, Robert W. Baird raised their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a research note on Monday, October 21st.

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.