19,070 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,070 shares of the construction company's stock, valued at approximately $3,162,000.

Several other hedge funds also recently bought and sold shares of the company. Atria Investments Inc increased its position in shares of Simpson Manufacturing by 7.5% during the fourth quarter. Atria Investments Inc now owns 15,136 shares of the construction company's stock worth $2,510,000 after acquiring an additional 1,052 shares in the last quarter. Assetmark Inc. increased its position in shares of Simpson Manufacturing by 6.6% during the fourth quarter. Assetmark Inc. now owns 14,785 shares of the construction company's stock worth $2,452,000 after acquiring an additional 917 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Simpson Manufacturing by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company's stock worth $81,354,000 after acquiring an additional 3,467 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Simpson Manufacturing by 1,542.3% during the fourth quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock worth $71,000 after acquiring an additional 401 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Simpson Manufacturing by 14.7% during the fourth quarter. US Bancorp DE now owns 4,833 shares of the construction company's stock worth $801,000 after acquiring an additional 620 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

SSD has been the subject of several research reports. Robert W. Baird lowered 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 lowered their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Down 0.8 %

Simpson Manufacturing stock traded down $1.25 during mid-day trading on Friday, reaching $155.51. The company's stock had a trading volume of 909,922 shares, compared to its average volume of 268,568. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.46 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 12 month low of $152.74 and a 12 month high of $206.48. The business's 50 day simple moving average is $165.38 and its 200 day simple moving average is $175.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.74%.

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.