Congress Asset Management Co. Buys 1,450 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Congress Asset Management Co. lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 71.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,485 shares of the construction company's stock after buying an additional 1,450 shares during the quarter. Congress Asset Management Co.'s holdings in Simpson Manufacturing were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Simpson Manufacturing by 3.2% during the fourth quarter. Rhumbline Advisers now owns 114,984 shares of the construction company's stock worth $19,068,000 after buying an additional 3,589 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Van ECK Associates Corp raised its stake in Simpson Manufacturing by 29.3% in the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Simpson Manufacturing by 15.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 287,422 shares of the construction company's stock valued at $47,255,000 after purchasing an additional 38,505 shares in the last quarter. Finally, Peterson Wealth Services raised its stake in Simpson Manufacturing by 6.6% in the fourth quarter. Peterson Wealth Services now owns 4,953 shares of the construction company's stock valued at $821,000 after purchasing an additional 308 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Insiders Place Their Bets

In other Simpson Manufacturing 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 transaction of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

SSD stock traded down $1.48 during midday trading on Friday, reaching $169.04. The company had a trading volume of 256,936 shares, compared to its average volume of 264,598. 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 company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 22.24 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 1-year low of $155.73 and a 1-year high of $218.38. The stock has a 50 day moving average price of $168.04 and a 200-day moving average price of $178.08.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its 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%. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

Analysts Set New Price Targets

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

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.