Van ECK Associates Corp Purchases 8,170 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Van ECK Associates Corp increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,052 shares of the construction company's stock after purchasing an additional 8,170 shares during the period. Van ECK Associates Corp owned 0.09% of Simpson Manufacturing worth $5,979,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riverbridge Partners LLC bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $58,414,000. FMR LLC raised its stake in Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock valued at $327,140,000 after purchasing an additional 333,390 shares during the period. EP Wealth Advisors LLC lifted its holdings in Simpson Manufacturing by 1,020.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company's stock worth $26,745,000 after purchasing an additional 127,345 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Simpson Manufacturing by 67.2% in the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company's stock worth $41,976,000 after purchasing an additional 88,235 shares during the period. Finally, Champlain Investment Partners LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter valued at approximately $16,060,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock traded down $1.48 during trading on Friday, reaching $169.04. 256,936 shares of the stock traded hands, 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 52-week low of $155.73 and a 52-week high of $218.38. The business has a fifty day simple moving average of $167.73 and a two-hundred day simple moving average of $178.05.

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

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors 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 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 lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.

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.