Petros Family Wealth LLC Takes $385,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Petros Family Wealth LLC purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,320 shares of the construction company's stock, valued at approximately $385,000.

Several other large investors have also made changes to their positions in SSD. Park Place Capital Corp acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $29,000. World Investment Advisors LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter worth approximately $30,000. R Squared Ltd acquired a new position in Simpson Manufacturing during the 4th quarter worth $30,000. UMB Bank n.a. raised its holdings in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after acquiring an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC grew 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 acquiring an additional 95 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 0.0 %

Shares of NYSE SSD traded down $0.02 during mid-day trading on Tuesday, reaching $149.76. The company had a trading volume of 323,347 shares, compared to its average volume of 287,632. The firm has a 50 day simple moving average of $159.58 and a two-hundred day simple moving average of $171.65. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The stock has a market cap of $6.29 billion, a P/E ratio of 19.71 and a beta of 1.33.

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

Simpson Manufacturing Announces Dividend

The firm 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is currently 14.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. DA Davidson dropped their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by company insiders.

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.