Private Advisor Group LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,477 shares of the construction company's stock, valued at approximately $411,000.
Other large investors also recently modified their holdings of the company. Champlain Investment Partners LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter worth $16,060,000. Diversified Trust Co bought a new position in shares of Simpson Manufacturing in the 4th quarter worth $591,000. US Bancorp DE lifted its holdings in shares of Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock worth $806,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock worth $1,134,000 after purchasing an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock valued at $93,171,000 after acquiring an additional 6,585 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related 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 sale, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Separately, Robert W. Baird dropped their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th.
View Our Latest Stock Analysis on SSD
Simpson Manufacturing Stock Performance
Shares of NYSE SSD traded up $3.02 during mid-day trading on Friday, reaching $165.02. 179,069 shares of the company's stock were exchanged, compared to its average volume of 254,129. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 21.71 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52 week low of $154.97 and a 52 week high of $218.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm has a 50-day moving average price of $166.40 and a two-hundred day moving average price of $177.36.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.
Simpson Manufacturing Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders 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 dividend yield of 0.68%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.
About Simpson Manufacturing
(
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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